Question 1 (of 10) value 1.00 points Brief Exercise 12-1 Prepare vertical analys

Question

Question 1 (of 10) value 1.00 points Brief Exercise 12-1 Prepare vertical analysis (L012-1) Perform a vertical analysis on the following information. (Round your answers to 1 decimal pl 2017 Amount Amount Cash $ 200,000 360,000 600,000 2,840,000 $ 4,000,000 $ 570,000 120,000 495,000 1.815,000 $ 3,000.000 Accounts receivable Long-term assets Total assets References eBook & Resources Worksheet Dimiculty: 2 Medium Brief Exercise 12-1 Prepare vertical analysis (LO12-1) Loaming ODjeotive: 12-01 Check mywsdk 30

Explanation / Answer

Verticle analysis of the financial statement is

Amount 2018 % 2018 Amount 2017 % 2017 Cash 200000 5% 570000 19% Accounts Receivable 360000 9% 120000 4% Inventory 600000 15% 495000 16.5% Long Term Asset 2840000 71% 1815000 60.5%      Total Asset 4000000 100% 3000000 100%

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