S-4/ Performing vertical analysis Great Value Optical Company reported the following amounts on its balance sheet a December 31, 2018 and 2017: 2018 2017 Cash and Receivables $ 80,640 $ 80,575 Merchandise Inventory 56,840 54,450 Property, Plant, and Equipment, Net 142,520 139,975 Total Assets $ 280,000 $ 275,000 Prepare a vertical analysis of Great Value's assets for 2018 and 2017.
S-4/ Performing vertical analysis Great Value Optical Company reported the following amounts on its balance sheet a December 31, 2018 and 2017: 2018 2017 Cash and Receivables $ 80,640 $ 80,575 Merchandise Inventory 56,840 54,450 Property, Plant, and Equipment, Net 142,520 139,975 Total Assets $ 280,000 $ 275,000 Prepare a vertical analysis of Great Value's assets for 2018 and 2017.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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S-4 Performing vertical analysis
Transcribed Image Text:S-4/ Performing vertical analysis
Great Value Optical Company reported the following amounts on its balance sheet a
December 31, 2018 and 2017:
2018
2017
Cash and Receivables
$ 80,640
$ 80,575
Merchandise Inventory
56,840
54,450
Property, Plant, and Equipment, Net
142,520
139,975
Total Assets
$ 280,000
$ 275,000
Prepare a vertical analysis of Great Value's assets for 2018 and 2017.
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