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.

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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