[The following information applies to the questions displayed below.] Prior Year $ 16, 200 29,900 56,000 76,000 $ 178,100 Cash Accounts receivable Equipment, net Land Total assets QS 17-6 (Algo) Vertical analysis LO P2 Current Year $ 12,700 64,000 64,000 100,500 $ 241,200 Express the items in common-size percents. (Round your percentage answers to one decimal place.) Cash Accounts receivable Equipment, net Land Total assets Current Year % % % % 0.0 % Prior Year % % % % 0.0 %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Use the following information for the Quick Studies below. (Algo)
[The following information applies to the questions displayed below.]
Cash
Accounts receivable
Equipment, net
Land
Total assets
QS 17-6 (Algo) Vertical analysis LO P2
Current Year
$ 12,700
64,000
64,000
100,500
$ 241,200
Cash
Accounts receivable
Equipment, net
Express the items in common-size percents. (Round your percentage answers to one decimal place.)
Land
Total assets
Current Year
Prior Year
$ 16, 200
29,900
56,000
76,000
$ 178,100
%
%
%
%
0.0 %
Prior Year
%
%
%
%
0.0 %
Transcribed Image Text:Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Total assets QS 17-6 (Algo) Vertical analysis LO P2 Current Year $ 12,700 64,000 64,000 100,500 $ 241,200 Cash Accounts receivable Equipment, net Express the items in common-size percents. (Round your percentage answers to one decimal place.) Land Total assets Current Year Prior Year $ 16, 200 29,900 56,000 76,000 $ 178,100 % % % % 0.0 % Prior Year % % % % 0.0 %
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