Question
Use the following information for this question Accounts receivable.............$2,500 Cost of goods sold................200,000 Net income.............................50,000 Net sales.................................450,000 Sales.......................................500,000 Total assets............................250,000 Total current assets..............25,000 In performing
Use the following information for this question
Accounts receivable.............$2,500
Cost of goods sold................200,000
Net income.............................50,000
Net sales.................................450,000
Sales.......................................500,000
Total assets............................250,000
Total current assets..............25,000
In performing a vertical analysis, the percentage for accounts receivable is
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Accounting What the Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
12th edition
007802529X, 1259969525, 978-1260565492
