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 $483,840 $412,720
Brief Exercise 18-4 Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable $483,840 $412,720 Inventory $819,200 $634,480 Total assets $2,560,000 $3,080,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2017 December 31, 2016 Goody Company Balance Sheets Amount Percentage Amount Percentage Accounts receivable $483,840 % $412,720 % Inventory $819,200 $634,480 Total assets $2,560,000 % $3,080,000 % % %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
