2018 2017 Cash and Receivables $ 80,640 56,840 $ 80,575 Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 54,450 142,520 139,975 $ 280,000 $ 275,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Performing vertical analysis

Great Value Optical Company reported the following amounts on its balance sheet December 31, 2018 and 2017:

Prepare a Vertical analysis of Great Value’s assets for 2018 and 2017.

2018
2017
Cash and Receivables
$ 80,640
56,840
$ 80,575
Merchandise Inventory
Property, Plant, and Equipment, Net
Total Assets
54,450
142,520
139,975
$ 280,000
$ 275,000
Transcribed Image Text:2018 2017 Cash and Receivables $ 80,640 56,840 $ 80,575 Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 54,450 142,520 139,975 $ 280,000 $ 275,000
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