Using these data from the comparative balance sheets of Concord Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2022 December 31, 2021 $418,320 $425,250 816,720 787,500 2,490,000 3,150,000 December 31, 2022 December 31, 2021 Amount Percentage Amount Percentage

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using these data from the comparative balance sheets of Concord Company, perform a vertical analysis.
Accounts receivable (net)
Inventory
Total assets
(Round percentages to 1 decimal place, e.g. 12.1%.)
December 31, 2022
December 31, 2021
$418,320
$425,250
816,720
787,500
2,490,000
3,150,000
December 31, 2022
December 31, 2021
Amount
Percentage
Amount
Percentage
Accounts receivable (net)
$418,320
%
$425,250
%
Inventory
Total assets
816,720
%
787,500
%
2,490,000
%
3,150,000
%
Transcribed Image Text:Using these data from the comparative balance sheets of Concord Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2022 December 31, 2021 $418,320 $425,250 816,720 787,500 2,490,000 3,150,000 December 31, 2022 December 31, 2021 Amount Percentage Amount Percentage Accounts receivable (net) $418,320 % $425,250 % Inventory Total assets 816,720 % 787,500 % 2,490,000 % 3,150,000 %
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