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S15-4 (similar to) Miami Optical Company reported the following amounts on its balance sheet at December 31, 2018 and 2017: (Click the icon to
S15-4 (similar to) Miami Optical Company reported the following amounts on its balance sheet at December 31, 2018 and 2017: (Click the icon to view the amounts.) Prepare a vertical analysis of Miami's assets for 2018 and 2017. Question Help * Begin by preparing a vertical analysis of Miami's assets for 2018, then prepare a vertical analysis for 2017. (Round the percent of total amounts to one decimal place, X.X%.) Miami Optical Company Balance Sheet (partial) December 31, 2018 and 2017 2018 Percent of Total Cash and Receivables 82,305 Merchandise Inventory 59,885 do do % % 152,810 Property, Plant and Equipment, Net % $ 295,000 Total Assets % Data Table - X 2018 2017 Cash and Receivables 82,305 $ 78,945 Merchandise Inventory 59,885 59,565 152,810 146,490 Property, Plant, and Equipment, Net $ 295,000 $ 285,000 Total Assets Enter any number in the edit fields and then click Check Answer. 1 part remaining Print Done ? Clear All Check Answer
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