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With reference to the information in p4.2, use a common size vertical analysis to determine the composition of a current assets and current liabilities for
With reference to the information in p4.2, use a common size vertical analysis to determine the composition of a current assets and current liabilities for years 0006 and 0007. Discuss the results. please make sure to show me how to discuss the results.
Year 0006 Year 0007 Current Assets Cash Credit card receivables Accounts receivable Marketable securities Inventories Prepaid expenses Total Current Assets $12,778 2,442 580 12,000 6,100 2.400 $36,300 $17,765 2.815 420 16,000 7,100 2,600 $46.700 Current Liabilities Year 0006 Year 0007 Accounts payable Accrued expenses payable Taxes payable Interest payable Current mortgage payable Total Current Liabilities 10,410 3,760 6,800 500 11,200 $32,670 $12,400 6,200 8,400 800 9,900 $37.700Step by Step Solution
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