Question: Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. December 31, 2020 December 31, 2019 Accounts receivable $481,140 $425,600 Inventory
Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis.
| December 31, 2020 | December 31, 2019 | |||||
| Accounts receivable | $481,140 | $425,600 | ||||
| Inventory | 750,870 | 613,200 | ||||
| Total assets | 2,430,000 | 2,800,000 | ||||
(Round percentages to 1 decimal place, e.g. 12.1%.)
| December 31, 2020 | December 31, 2019 | ||||||||||
| Amount | Percentage | Amount | Percentage | ||||||||
| Accounts receivable | $481,140 | % | $425,600 | % | |||||||
| Inventory | 750,870 | % | 613,200 | % | |||||||
| Total assets | 2,430,000 | % | 2,800,000 | % | |||||||
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
