Using these data from the comparative balance sheet of Sheridan Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2017 Dec. 31, 2016 Amount Percentage Amount Percentage Accounts receivable $ 540,000 Enter percentages % $ 363,000 Enter percentages % Inventory $ 783,000 Enter percentages % $ 642,000 Enter percentages % Total assets $3,120,000 Enter percentages % $2,704,000 Enter percentages %
Using these data from the comparative balance sheet of Sheridan Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2017 Dec. 31, 2016 Amount Percentage Amount Percentage Accounts receivable $ 540,000 Enter percentages % $ 363,000 Enter percentages % Inventory $ 783,000 Enter percentages % $ 642,000 Enter percentages % Total assets $3,120,000 Enter percentages % $2,704,000 Enter percentages %
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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Using these data from the comparative balance sheet of Sheridan Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)
Dec. 31, 2017
Dec. 31, 2016
Amount
Percentage
Amount
Percentage
Accounts receivable
$ 540,000
Enter percentages
% $ 363,000
Enter percentages
%
Inventory
$ 783,000
Enter percentages
% $ 642,000
Enter percentages
%
Total assets
$3,120,000
Enter percentages
% $2,704,000
Enter percentages
%
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