Perform a vertical analysis on the following information.                                           2021                 2020Cash                              $ 420,000         $ 1,050,000Accounts receivable         660,000              300,000Inventory                        1,020,000             925,000Long-term assets            3,900,000          2,725,000Total assets                   $ 6,000,000        $ 5,000,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Perform a vertical analysis on the following information.

                                           2021                 2020
Cash                              $ 420,000         $ 1,050,000
Accounts receivable         660,000              300,000
Inventory                        1,020,000             925,000
Long-term assets            3,900,000          2,725,000
Total assets                   $ 6,000,000        $ 5,000,000

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