ACCOUNTING PRINCIPLES 122 5/16 >C<
ACCOUNTING PRINCIPLES 122 5/16 >C<
17th Edition
ISBN: 9781323461471
Author: Horngren
Publisher: PEARSON C
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Chapter 17, Problem S17.4SE

Performing vertical analysis

Hoosier Optical Company reported the following amounts on its balance sheet at December 31,2016 and 2015:

    2016 2015
    Cash and Receivables $ 77,825 $ 70,200
    Merchandise Inventory 55,825 52,780
    Property, Plant, and Equipment, Net 141,350 137,020
    Total Assets $ 275,000 $ 260,000

Prepare a vertical analysis of Hoosier assets for 2016 and 2015.

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