perform vertical analysis. (Round answers to 1 decimal place, e.g. 15.2.) December 31, 2020 December 31, 2019 Amount Percentage Amount Percentage Accounts Receivable $ 480,000 % $ 336,000 % Inventory 720,000 % 504,000 % Total Assets 4,000,000 % 2,800,000
perform vertical analysis. (Round answers to 1 decimal place, e.g. 15.2.) December 31, 2020 December 31, 2019 Amount Percentage Amount Percentage Accounts Receivable $ 480,000 % $ 336,000 % Inventory 720,000 % 504,000 % Total Assets 4,000,000 % 2,800,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Brief Exercise 170
Using these data from the comparative balance sheet of Banner Company, perform vertical analysis. (Round answers to 1 decimal place, e.g. 15.2.)
| December 31, 2020 | December 31, 2019 | |||||||||
| Amount | Percentage | Amount | Percentage | |||||||
| $ 480,000 |
|
% | $ 336,000 |
|
% | |||||
| Inventory | 720,000 |
|
% | 504,000 |
|
% | ||||
| Total Assets | 4,000,000 |
|
% | 2,800,000 |
|
% |
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