Question: U 16-la EXTRA PRACTICE QUIZ WITH WORKED-OUT SOLUTIONS 1. Complete this partial comparative balance sheet by vertical analysis. Round percents to the nearest hundredth. 2017

partial comparative balance sheet by vertical analysis. Round percents to the nearest

U 16-la EXTRA PRACTICE QUIZ WITH WORKED-OUT SOLUTIONS 1. Complete this partial comparative balance sheet by vertical analysis. Round percents to the nearest hundredth. 2017 2016 Amount Percent Amount Percent Assets Current assets: a. Cash $ 38,000 $ 35,000 b. Accounts receivable 19,000 18,000 c. Merchandise inventory 16,000 11,000 d. Prepaid expenses 20,000 16,000 Total current assets $ 180,000 $140,000 2. What is the amount of change in merchandise inventory and the percent increase

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