S18-3 Vertical analysisTri-State Optical Company Ltd reported the following amounts on its balance sheet at 31December 2016 and 2015:20162015Cash and receivables$ 54 530$ 46 86032 670InventoryProperty, plant and equipment, net42 435108 03585 470Total assets$205 000$165 000RequirementPrepare a vertical analysis of Tri-State's assets for 2016 and 2015.

Under Vertical Analysis of Balance Sheet, each and every item is presented as a percentage of Total…

S18-3 Vertical analysis Tri-State Optical Company Ltd reported the following amounts on its balance sheet at 31 December 2016 and 2015: 2016 2015 Cash and receivables $ 54 530 $ 46 860 Inventory Property, plant and equipment, net 42 435 32 670 108 035 85 470 Total assets $205 000 $165 000 Requirement Prepare a vertical analysis of Tri-State's assets for 2016 and 2015.

S18-3 Vertical analysis Tri-State Optical Company Ltd reported the following amounts on its balance sheet at 31 December 2016 and 2015: 2016 2015 Cash and receivables $ 54 530 $ 46 860 Inventory Property, plant and equipment, net 42 435 32 670 108 035 85 470 Total assets $205 000 $165 000 Requirement Prepare a vertical analysis of Tri-State's assets for 2016 and 2015.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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