Perform a vertical analysis on the following information. (Round your answers to 1 decimal place.) Cash Accounts receivable Inventory Long-term assets Total assets $ 2024 Amount 200,000 360,000 600,000 2,840,000 $ 4,000,000 % $ 2023 Amount 570,000 120,000 495,000 1,815,000 $ 3,000,000 %

Perform a vertical analysis on the following information. (Round your answers to 1 decimal place.) Cash Accounts receivable Inventory Long-term assets Total assets $ 2024 Amount 200,000 360,000 600,000 2,840,000 $ 4,000,000 % $ 2023 Amount 570,000 120,000 495,000 1,815,000 $ 3,000,000 %

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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Question

H1.

Perform a vertical analysis on the following information. (Round your answers to 1 decimal place.)
Cash
Accounts receivable
Inventory
Long-term assets
Total assets
$
2024
Amount
200,000
360,000
600,000
2,840,000
$ 4,000,000
%
$
2023
Amount
570,000
120,000
495,000
1,815,000
$ 3,000,000
%

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