Using these data from the comparative balance sheet of Wildhorse Co., perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 448,400 Enter a value in percentages rounded to 1 decimal place. % $ 380,000 Enter a value in percentages rounded to 1 decimal place. % Inventory $ 768,600 Enter a value in percentages rounded to 1 decimal place. % $ 630,000 Enter a value in percentages rounded to 1 decimal place. % Total assets $3,248,000 Enter a value in percentages rounded to 1 decimal place. % $2,800,000 Enter a value in percentages rounded to 1 decimal place.
Using these data from the comparative balance sheet of Wildhorse Co., perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 448,400 Enter a value in percentages rounded to 1 decimal place. % $ 380,000 Enter a value in percentages rounded to 1 decimal place. % Inventory $ 768,600 Enter a value in percentages rounded to 1 decimal place. % $ 630,000 Enter a value in percentages rounded to 1 decimal place. % Total assets $3,248,000 Enter a value in percentages rounded to 1 decimal place. % $2,800,000 Enter a value in percentages rounded to 1 decimal place.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Using these data from the comparative balance sheet of Wildhorse Co., perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)
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Dec. 31, 2022
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Dec. 31, 2021
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|---|---|---|---|---|---|---|---|---|---|---|
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Amount
|
Percentage
|
Amount
|
Percentage
|
|||||||
|
Accounts receivable
|
$ 448,400 |
Enter a value in percentages rounded to 1 decimal place.
|
% | $ 380,000 |
Enter a value in percentages rounded to 1 decimal place.
|
% | ||||
|
Inventory
|
$ 768,600 |
Enter a value in percentages rounded to 1 decimal place.
|
% | $ 630,000 |
Enter a value in percentages rounded to 1 decimal place.
|
% | ||||
|
Total assets
|
$3,248,000 |
Enter a value in percentages rounded to 1 decimal place.
|
% | $2,800,000 |
Enter a value in percentages rounded to 1 decimal place.
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% |
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