Question: Using these data from the comparative balance sheets of Pharoah Company, perform a vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) December 31,
Using these data from the comparative balance sheets of Pharoah Company, perform a vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)
| December 31, 2025 | December 31, 2024 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Amount | Percent | Amount | Percent | |||||||
| Accounts receivable (net) | $ 516,360 |
| % | $ 440,440 |
| % | ||||
| Inventory | $ 840,740 |
| % | $ 689,260 |
| % | ||||
| Total assets | $3,310,000 |
| % | $2,860,000 |
| % | ||||
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