Reliable Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: Cash and Receivables Merchandise Inventory Property, Plant and Equipment, net Total Assets Total Liabilities 2019 2018 $165.000 $75,000 145,000 250,000 820,000 800,000 $1,130,000 $1,125,000 $475,000 $375,000 For the vertical analysis, what is the percentage of total liabilities for December 31, 2018? (Round your answer to two decimal places.) OA. 33.33% OB. 100% OC. 42.04% OD. 20%

Reliable Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: Cash and Receivables Merchandise Inventory Property, Plant and Equipment, net Total Assets Total Liabilities 2019 2018 $165.000 $75,000 145,000 250,000 820,000 800,000 $1,130,000 $1,125,000 $475,000 $375,000 For the vertical analysis, what is the percentage of total liabilities for December 31, 2018? (Round your answer to two decimal places.) OA. 33.33% OB. 100% OC. 42.04% OD. 20%

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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