U 16-la EXTRA PRACTICE QUIZ WITH WORKED-OUT SOLUTIONS 1. Complete this partial comparative balance sheet by vertical analysis. Round percents to the nearest hundredth. 2017 2016 Amount Percent Amount Percent Assets Current assets: a. Cash $ 38,000 $ 35,000 b. Accounts receivable 19,000 18,000 c. Merchandise inventory 16,000 11,000 d. Prepaid expenses 20,000 16,000 Total current assets $ 180,000 $140,000 2. What is the amount of change in merchandise inventory and the percent increase