Question
Use the following financial information to prepare a balance sheet with vertical analysis as of October 31,2014,for Sticks & Stones Builders Mart: cash, $45,260;accounts receivable,$267,580;merchandise
Use the following financial information to prepare a balance sheet with vertical analysis as of October 31,2014,for Sticks & Stones Builders Mart: cash, $45,260;accounts receivable,$267,580;merchandise inventory,$213,200;prepaid expenses,$13,400;supplies,$5,300;land,$87,600;building,$237,200;equiptment,$85,630;vehicles,$54,700;computers,$31,100;investments,$53,100;accounts payable,$43,200;salaries payable,$16,500;notes payable(6-month),$102,400;mortgage payable,$124,300;notes payable(3-year),$200,000;common stock,$422,000;and retained earnings,$185,670
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