Chapter 15.I, Problem 2TIE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Prepare a vertical analysis of the balance sheet for Royal Equipment Supply, Inc., on pages 487-488.

To determine

The balance sheet of Royal Equipment Supply, Inc. for June

Explanation

**Given Information:**

The cash account is

**Formula used:**

Follow the steps to prepare a vertical analysis of a balance sheet:

Step

Step

Step

Consider the provided information,

The cash account is

Compute Total Current Assets by adding all the current assets,

Compute percentage of Total Current Assets as,

Compute total of Property, Plant and Equipment by adding all Property, Plant and Equipment as,

Now, compute percentage of total of Property, Plant and Equipment as,

Compute Total Assets by adding the current assets and property, plant and equipment,

Now, compute the percentage of Total Assets as,

Compute Total Current Liabilities by adding all current liabilities,

Now, compute the percentage of Total Current Liabilities as,

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