FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
32 670
Inventory
Property, plant and equipment, net
42 435
108 035
85 470
Total assets
$205 000
$165 000
Requirement
Prepare a vertical analysis of Tri-State's assets for 2016 and 2015.
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Transcribed Image Text: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 32 670 Inventory Property, plant and equipment, net 42 435 108 035 85 470 Total assets $205 000 $165 000 Requirement Prepare a vertical analysis of Tri-State's assets for 2016 and 2015.
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