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Empire Moving Company reported the following amounts on its Balance Sheet as of December 31, 2018 and December 31, 2019: Account 2019 2018 Cash and Receivables  $      105,000.00  $     165,000.00 Merchandise Inventory  $      205,000.00  $     230,000.00 Property, Plant, and Equipment, net  $      810,000.00  $     710,000.00 Total Assets  $  1,120,000.00  $ 1,105,000.00 Total Liabilities  $      465,000.00  $     455,000.00 For the vertical analysis, what is the percentage of total liabilities for December 31, 2018? (round your answer to two decimal places) A 100.00% B 36.26% C 41.52% D 41.18%

Empire Moving Company reported the following amounts on its Balance Sheet as of December 31, 2018 and December 31, 2019: Account 2019 2018 Cash and Receivables  $      105,000.00  $     165,000.00 Merchandise Inventory  $      205,000.00  $     230,000.00 Property, Plant, and Equipment, net  $      810,000.00  $     710,000.00 Total Assets  $  1,120,000.00  $ 1,105,000.00 Total Liabilities  $      465,000.00  $     455,000.00 For the vertical analysis, what is the percentage of total liabilities for December 31, 2018? (round your answer to two decimal places) A 100.00% B 36.26% C 41.52% D 41.18%

FINANCIAL ACCOUNTING
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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Empire Moving Company reported the following amounts on its Balance Sheet as of December 31, 2018 and December 31, 2019:

Account 2019 2018
Cash and Receivables  $      105,000.00  $     165,000.00
Merchandise Inventory  $      205,000.00  $     230,000.00
Property, Plant, and Equipment, net  $      810,000.00  $     710,000.00
Total Assets  $  1,120,000.00  $ 1,105,000.00
Total Liabilities  $      465,000.00  $     455,000.00

For the vertical analysis, what is the percentage of total liabilities for December 31, 2018? (round your answer to two decimal places)

A 100.00%
B 36.26%
C 41.52%
D 41.18%
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