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 | $ | 590,000 | $ | 290,000 | ||
| Accounts receivable | 940,000 | 730,000 | ||||
| Inventory | 720,000 | 510,000 | ||||
| Long-term assets | 2,300,000 | 2,600,000 | ||||
| Total assets | $ | 4,550,000 | $ | 4,130,000 | ||
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