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 $455,840 $485,150

Brief Exercise 18-4 Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable $455,840 $485,150 Inventory $836,570 $629,130 Total assets $2,590,000 $3,130,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.) Ely December 31, 2017 December 31, 2016 Goody Company Balance Sheets Amount Percentage Amount Percentage $455,840 Accounts receivable % $485,150 % Inventory $836,570 % $629,130 % $2,590,000 Total assets % $3,130,000 % LINK TO TEXT
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