McCormick Optical Company reported the following amounts on its balance sheet at December 31: Cash and receivables

Question:

McCormick Optical Company reported the following amounts on its at December 31:
Cash and receivables ............................................................................. $ 51,870
Inventory .................................................................................................. 39,710
Property, plant, and equipment, net ......................................................... 98,420
Total assets ........................................................................................... $190,000
Perform a vertical analysis of McCormick Optical Company's assets at year end.
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...