Variline Optical Company reported the following amounts on its balance sheet at

Question

Variline Optical Company reported the following amounts on its balance sheet at December 31: Cash and receivables 60,060 45,980 113,960 $ 220,000 Property, plant, and equipment, net . . Perform a vertical analysis of Variline Optical Company's assets at year end. (Round your answers to one decimal place.) Variline Optical Company Balance Sheet (adapted) December 31 Percent Amount of Total 60,060 Cash and Inventory Property, plant, and equipment, net Total assets receivables 45,9801 113,960 $ 220,000 100.0

Explanation / Answer

Amount % of total Cash and receivables 60060 (60060/220,000)=27.3% Inventory 45980 (45980/220,000)=20.9% Propoert,plant and equipment 113960 (113960/220,000)=51.8% Total assets 220,000 100%.

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