Sporting Apparel Inc. reported the following amounts on its balance sheet at December 31, 2014. _____________________________________________________2014 Cash

Question:

Sporting Apparel Inc. reported the following amounts on its at December 31, 2014.
_____________________________________________________2014
Cash and receivables...................................................$24,000
Inventory.......................................................................19,000
Property, plant, and equipment, net........................................48,000
Total assets............................................................................$91,000
Perform a vertical analysis of the company's assets at the end of 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...