Question: Vertical Analysis help! Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total
Vertical Analysis help!
Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total assets $418,320 816,720 2,490,000 $425,250 787,500 3,150,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2017 December 31, 2016 Goody Company Balance Sheets Amount Percentage Amount Percentage Accounts receivable $418,320 $816,720 $2,490,000 % $425,250 % $787,500 % $3,150,000 Inventory Total assets
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