Question: Perform a vertical analysis on the following information: (Round your answers to 1 decimal place. Due to rounding, the percentages may not add up to
Perform a vertical analysis on the following information: (Round your answers to 1 decimal place. Due to rounding, the percentages may not add up to exactly 100%.)
| 2021 | 2020 | |||||
| Cash | $ | 570,000 | $ | 250,000 | ||
| Accounts receivable | 910,000 | 720,000 | ||||
| Inventory | 730,000 | 550,000 | ||||
| Long-term assets | 1,900,000 | 2,500,000 | ||||
| Total assets | $ | 4,110,000 | $ | 4,020,000 | ||
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