Practice problem

D VERTICAL ANALYSIS G INSTRUCTIONS: Prepare a vertical analysis of the income statement using 2019 as a base. Neiman Corp. mparative Balance She the years ended Decembe 2020 2019 Assets Current Assets Plant Assets Total Assets 360 700 1,060 300 500 800 160 Liabilities & Stockholders' Equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities & stockholders' equity 250 370 1280 1060 120 160 320 2001 800