Question: Question 13 Examine the partial balance sheet vertical analysis below. ASSETS Cash $23,65043% Accounts Receivable $31,35057%Total Assets$55,000100%LIABILITIES Accounts Payable __________ Notes Payable $15,40028%TotalLiabilities 62%EQUITYTotal Equity$20,90038%

Question 13

Examine the partial balance sheet vertical analysis below.

ASSETSCash$23,65043%Accounts Receivable$31,35057%Total Assets$55,000100%LIABILITIESAccounts Payable__________NotesPayable$15,40028%TotalLiabilities

62%EQUITYTotal Equity$20,90038%

Based on the information shown, what is the correct amount and percentage of accountspayable?

  • $18,700; 34%
  • $20,900; 38%
  • $39,600; 72%
  • $49,500; 90%

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