Question: Using these data from the comparative balance sheets of Cullumber Company, perform a vertical analysis. December 31, 2021 December 31, 2022 $425,700 $391,140 Accounts receivable

Using these data from the comparative balance sheets of Cullumber Company, perform a vertical analysis. December 31, 2021 December 31, 2022 $425,700 $391,140 Accounts receivable (net) Inventory Total assets 772.740 877,200 2,580,000 3,180,000 (Round percentages to 1 decimal place, c.8. 12.1%) December 31, 2022 Amount Percentage December 31, 2021 Amount Percentage Accounts receivable (net) $425,700 % $391.140 Inventory 877.200 x 772,740 9 Total assets 2,580.000 3 3,180,000

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