Tri-State Optical Company reported the following amounts on its balance sheet at December 31, 2012 and 2011:

Question:

Tri-State Optical Company reported the following amounts on its at December 31, 2012 and 2011:

2012 2011 Cash and receivables Inventory Property, plant, and cquipment, net Total assets .. 54,530 $ 42,435 108,035 205

Requirement
1. Prepare a vertical analysis of Tri-State assets for 2012 and2011.

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...