Question: Examine the partial balance sheet vertical analysis below. COMPANY, INC BALANCE SHEET as of December 31, 2022 ASSETS CASH $50,000 62.5% ACCOUNTS RECEIVABLE $30,000 37.5%

Examine the partial balance sheet vertical analysis below. COMPANY, INC BALANCE SHEET as of December 31, 2022 ASSETS CASH $50,000 62.5% ACCOUNTS RECEIVABLE $30,000 37.5% TOTAL ASSETS $80,000 100% LIABILITIES ACCOUNTS PAYABLE $ % NOTES PAYABLE $2,000 2.5% TOTAL LIABILITIES 25% EQUITY TOTAL EQUITY $60,000 75% TOTAL LIABILITIES + EQUITY 100% Based on the information shown, what is the correct amount and percentage of accounts payable? $18,000 22.5% $22,000 25% $20,000 20% $20,000 25%

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