Question: Brief Exercise 18-05 Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. December 31, 2020 December 31, 2019 Accounts receivable

Brief Exercise 18-05 Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. December 31, 2020 December 31, 2019 Accounts receivable $469,200 $416,290 Inventory 793,050 738,680 Total assets 2,550,000 3,130,000 (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2019 December 31, 2020 Amount Percentage Percentage Amount Accounts receivable % % $469,200 $416,290 Inventory 793,050 0% 738,680 % Total assets % % 2,550,000 3,130,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
