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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Cash Accounts receivable Equipment,

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Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Current Year $ 8,400 56,000 48,000 93,500 $ 205,900 Prior Year $ 9,600 20,400 43,200 68,000 $ 141,200 Total assets QS 13-6 (Algo) Vertical analysis LO P2 Express the items in common-size percents. (Round your percentage answers to one decimal p Current Year Prior Year Cash % % Accounts receivable % % % % Equipment, net Land % % 0.0 % Total assets 0.0 %

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