The 2012 accounting records of New and Used Records showed
The 2012 accounting records of New and Used Records showed the following: Cash, $19,200; Net Accounts Receivable, $9,000; Inventory, $8,400; Prepaid Expenses, $2,400; Net Plant and Equipment, $21,000.
Construct a vertical analysis of the asset section of New and Used Records’ balance sheet for 2012.

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