Consider the following information: 2024 2023 Cash $500,000 $200,000 Accounts receivable 900, 000 800,000 Inventory 700,000 500,000 Long-term assets 2, 200,000 2,500,000 Total assets $ 4,300,000 $4,000,000 Required: Perform a vertical analysis for both years.

Consider the following information: 2024 2023 Cash $500,000 $200,000 Accounts receivable 900, 000 800,000 Inventory 700,000 500,000 Long-term assets 2, 200,000 2,500,000 Total assets $ 4,300,000 $4,000,000 Required: Perform a vertical analysis for both years.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Consider the following information: 2024 2023 Cash $500,000 $200,000 Accounts receivable 900, 000 800, 000 Inventory 700, 000 500,000 Long-term assets 2, 200, 000 2,500,000 Total assets $
4,300,000 $4,000,000 Required: Perform a vertical analysis for both years.

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