Using these data from the comparative balance sheet of Sunland Company, 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 $ 529,000 Enter a value in percentages rounded to 1 decimal place. % $ 460,000 Enter a value in percentages rounded to 1 decimal place. % Inventory $ 837,800 Enter a value in percentages rounded to 1 decimal place. % $ 710,000 Enter a value in percentages rounded to 1 decimal place. % Total assets $3,225,600 Enter a value in percentages rounded to 1 decimal place. % $2,880,000 Enter a value in percentages rounded to 1 decimal place.
Using these data from the comparative balance sheet of Sunland Company, 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 $ 529,000 Enter a value in percentages rounded to 1 decimal place. % $ 460,000 Enter a value in percentages rounded to 1 decimal place. % Inventory $ 837,800 Enter a value in percentages rounded to 1 decimal place. % $ 710,000 Enter a value in percentages rounded to 1 decimal place. % Total assets $3,225,600 Enter a value in percentages rounded to 1 decimal place. % $2,880,000 Enter a value in percentages rounded to 1 decimal place.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Using these data from the comparative
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Dec. 31, 2022
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Dec. 31, 2021
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Amount
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Percentage
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Amount
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Percentage
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$ 529,000 |
Enter a value in percentages rounded to 1 decimal place.
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% | $ 460,000 |
Enter a value in percentages rounded to 1 decimal place.
|
% | ||||
|
Inventory
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$ 837,800 |
Enter a value in percentages rounded to 1 decimal place.
|
% | $ 710,000 |
Enter a value in percentages rounded to 1 decimal place.
|
% | ||||
|
Total assets
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$3,225,600 |
Enter a value in percentages rounded to 1 decimal place.
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% | $2,880,000 |
Enter a value in percentages rounded to 1 decimal place.
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% |
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