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Verifine Optical Company reported the following amounts on its balance sheet at December 31: Cash and receivables $ 61,380 Inventory... 46,640 Property, plant, and equipment,
Verifine Optical Company reported the following amounts on its balance sheet at December 31: Cash and receivables $ 61,380 Inventory... 46,640 Property, plant, and equipment, net 111,980 Total assets. . $ 220,000 Perform a vertical analysis of Verifine Optical Company's assets at year end. (Round your answers to one decimal place.) Verifine Optical Company Balance Sheet (adapted) December 31 Amount Percent of Total Cash and receivables $ 61,380 % Inventory 46,640 111,980 Property, plant, and equipment, net $ 220,000 100.0 Total assets %
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