Test: Exam 4 Tine Renm This Question: 6 pts 290131 (1 complete) inventory, $17.8

Question

Test: Exam 4 Tine Renm This Question: 6 pts 290131 (1 complete) inventory, $17.850, Prepad expenses, $2,550, Net plant and equipment, $44,200 The 2016 accounting records of Portland, Inc, showed the tollowing Cash, $16,150, Net accounts receivable, 54250 Construct a vertical analysis of the asset section of Portland, Inc. balance sheet for 2016 Complete the table bolow for your vertical analysts of the asset section Portland, lac Vertical Analysis Asset Section, 2016 Assets Amount Percent Current assets Cash Accounts receirable, net Inventory Prepaid expenses S16,150 4250 17,850 2.550 Total current assets Plant and equipment, net 44.200 Enter any number in the edit fields and then continue to the next question the web and

Explanation / Answer

Portland Inc

Assets Amount($) Percentage(%) Current assets: Cash $16150 19% Accounts receivable $4250 5% Inventory $17850 21% Prepaid expenses $2550 3% Total current assets $40800 48% Plant and equipment $44200 52% Total assets $85000 100%.

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