S15-3 2 Vertical analysis (10-15 min) Tri-State Optical Company reported the following amounts on its balance sheet at December 31, 2012 and 2011: 2012 2011 Cash and receivables ................ $ Inventory ....... Property, plant, and equipment, net ..... Total assets ......... $ 54,530 $ 42,435 108,035 205,000 $ 46,860 32,670 85,470 165,000 Requirement 1. Prepare a vertical analysis of Tri-State assets for 2012 and 2011