Question
Question 13 Examine the partial balance sheet vertical analysis below. ASSETS Cash $23,65043% Accounts Receivable $31,35057%Total Assets$55,000100%LIABILITIES Accounts Payable __________ Notes Payable $15,40028%TotalLiabilities 62%EQUITYTotal Equity$20,90038%
Question 13
Examine the partial balance sheet vertical analysis below.
ASSETSCash$23,65043%Accounts Receivable$31,35057%Total Assets$55,000100%LIABILITIESAccounts Payable__________NotesPayable$15,40028%TotalLiabilities
62%EQUITYTotal Equity$20,90038%
Based on the information shown, what is the correct amount and percentage of accountspayable?
- $18,700; 34%
- $20,900; 38%
- $39,600; 72%
- $49,500; 90%
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
