The 2014 accounting records of Star Records showed the following: Cash, $15,000; Net Accounts Receivable, $8,000; Inventory,

Question:

The 2014 accounting records of Star Records showed the following: Cash, $15,000; Net Accounts Receivable, $8,000; Inventory, $5,000; Prepaid Expenses, $4,000; Net Plant and Equipment, $18,000.
Construct a vertical analysis of the asset section of Star Records’ for 2014.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...