Verifine Optical Company reported the following amounts on its balance sheet atDecember 31: Cash and receivables.................................................................................... $

Question:

Verifine Optical Company reported the following amounts on its balance sheet atDecember 31:

Cash and receivables.................................................................................... $ 49,525

Inventory...................................................................................................... 35,525

Property, plant, and equipment, net.............................................................. 89,950

Total assets................................................................................................... $ 175,000

Perform a vertical analysis of Verifine Optical Company’s assets at year end.

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...