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Question 9 Avocado Company reported the following amounts on its balance sheet as of December 31, 20x9 and December 31, 20X8: 20x9 20x8 Cash and

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Question 9 Avocado Company reported the following amounts on its balance sheet as of December 31, 20x9 and December 31, 20X8: 20x9 20x8 Cash and Receivables $145,000 $75,000 Merchandise Inventory 195.000 180,000 Property, Plant and Equipment, net 850,000 710,000 Total Assets $1,190,000 $965.000 Total Liabilities $495,000 $455,000 For the vertical analysis, what is the percentage of current assets as of December 31, 20X9? 26.42% 40.00% 35.92% 28.57%

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