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Using these data from the comparative balance sheets of Sheridan Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets December 31, 2022
Using these data from the comparative balance sheets of Sheridan Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets December 31, 2022 December 31, 2021 $452,500 $394,380 822,500 776,240 2,500,000 3,130,000 (Round percentages to 1 decimal place, e.g. 12.1%) December 31, 2022 December 31, 2021 Amount Percentage Amount Percentage Accounts receivable (net) $452,500 % $394,380 % Inventory 822,500 % 776,240 Total assets 2,500,000 % 3,130,000 %
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