Question
Try - State Optical Company reported the following amounts on its balance sheet at December 31, 2024 and 2023: DATA TABLE 2024 2023 Cash and
Try - State Optical Company reported the following amounts on its balance sheet at December 31, 2024 and 2023:
| DATA TABLE | 2024 | 2023 |
| Cash and Receivables | $ 77,880 | $ 62,640 |
| Merchandise Inventory | 61,655 | 50,880 |
| Property, Plant, and Equipment, Net | 155,465 | 126,480 |
| Total Assets | $ 295,000 | $ 240,000 |
Prepare a vertical analysis of TriState's assets for 2024 and 2023.
Part 1
Begin by preparing a vertical analysis of TriState's assets for 2024, then prepare a vertical analysis for 2023. (Round the percent of total amounts to one decimal place, X.X%.)
| Tri-State Optical Company |
| Balance Sheet (partial) |
| December 31, 2024 and 2023 |
|
| 2024 | Percent of Total | |
| Cash and Receivables | $77,880 |
| % |
| Merchandise Inventory | 61,655 |
| % |
| Property, Plant and Equipment, Net | 155,465 |
| % |
| Total Assets | $295,000 |
| % |
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Fraud examination
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
4th edition
538470844, 978-0538470841
