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Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. December 31, 2020 December 31, 2019 Accounts receivable $481,140 $425,600 Inventory
Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis.
December 31, 2020 | December 31, 2019 | |||||
Accounts receivable | $481,140 | $425,600 | ||||
Inventory | 750,870 | 613,200 | ||||
Total assets | 2,430,000 | 2,800,000 |
(Round percentages to 1 decimal place, e.g. 12.1%.)
December 31, 2020 | December 31, 2019 | ||||||||||
Amount | Percentage | Amount | Percentage | ||||||||
Accounts receivable | $481,140 | % | $425,600 | % | |||||||
Inventory | 750,870 | % | 613,200 | % | |||||||
Total assets | 2,430,000 | % | 2,800,000 | % |
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