Question: Perform a vertical analysis for the balance sheet entry Cash given below. (Round to the nearest tenth) Assets Current Assets Cash $35,000 Accounts Receivables 55,000
Perform a vertical analysis for the balance sheet entry "Cash" given below. (Round to the nearest tenth)
| Assets |
|
| Current Assets Cash |
$35,000 |
| Accounts Receivables | 55,000 |
| Merchandise Inventory | 21,000 |
| Supplies | 3,000 |
| Total Current Assets | 114,000 |
| Property, Plant, and Equipment Machinery and Equipment |
17,000 |
| Total Assets | $131,000 |
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