Question: Brief Exercise 18-4 Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total

Brief Exercise 18-4 Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total assets 5452,500 5845,000 52,500,000 5433,840 $797,500 $3,190,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, eg. 12.1%.) December 31, 2017 December 31, 2016 Goody Company Percentage Percentage Balance Sheets Accounts receivable Inventory Total assets Amount $452,500 5845,000 Amount $433,840 $797,500 52,500,000 53,190,000
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