Question
Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. December 31, 2020 December 31, 2019 Accounts receivable $485,560 $426,140 Inventory
Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis.
December 31, 2020
December 31, 2019
Accounts receivable
$485,560
$426,140
Inventory
807,640
606,320
Total assets
2,440,000
2,860,000
(Round percentages to 1 decimal place, e.g. 12.1%.)
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Financial Accounting
Authors: W Steve Albrecht, Earl K Stice
11th Edition
0538746955, 9780538746953
