FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Using these data from the comparative balance sheets of Coronado Company, perform a vertical analysis.
Accounts receivable (net)
Inventory
Total assets
(Round percentages to 1 decimal place, e.g. 12.1%.)
Accounts receivable (net)
Inventory
Total assets
Amount
December 31, 2022
$485.560
December 31, 2022 December 31, 2021
$485,560
$426,140
807,6401
606,320
2,440,000
2,060,000
807,640
2,440,000
Percentage
%
Amount
December 31, 2021
$426,140
606,320
2,860,000
Percentage
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Transcribed Image Text:Using these data from the comparative balance sheets of Coronado Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets (Round percentages to 1 decimal place, e.g. 12.1%.) Accounts receivable (net) Inventory Total assets Amount December 31, 2022 $485.560 December 31, 2022 December 31, 2021 $485,560 $426,140 807,6401 606,320 2,440,000 2,060,000 807,640 2,440,000 Percentage % Amount December 31, 2021 $426,140 606,320 2,860,000 Percentage
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