Question: Brief Exercise 14-4 Using the following data from the comparative balance sheet of Goody Company December 31, 2017 December 31, 2016 $520,000 840,000 3,000,000 $400,000

Brief Exercise 14-4 Using the following data from the comparative balance sheet of Goody Company December 31, 2017 December 31, 2016 $520,000 840,000 3,000,000 $400,000 600,000 2,500,000 Accounts receivable Inventory Total assets Illustrate vertical analysis. (Round percentages to 1 decimal place, eg. 12.1%.) December 31, 2016 December 31, 2017 Goody Company Percentage Amount $520,000| $840,000 PercentageAmount Balance Sheets Accounts recevable Inventory Total assets $400,000 $600,000 [ $3,000,000 % $2,500,000

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