Tri- State Optical Company reported the following amounts on its balance sheet at December 31, 2015 and

Question:

Tri- State Optical Company reported the following amounts on its balance sheet at December 31, 2015 and 2014:

2015 2014 Cash and Receivables $ 54,530 $ 46,860 Merchandise Inventory 42,435 32,670 Property, Plant, and Equipment, Net 108,035 85,470 Total Assets $205,000 $165,000

Prepare a vertical analysis of Tri- State assets for 2015 and 2014.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...