Question

Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. December 31, 2020 December 31, 2019 Accounts receivable $384,000 $336,000 Inventory 672,000 560,000 Total assets 2,400,000 2,800,000 (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2020 December 31, 2019 Amount Percentage Amount Percentage Accounts receivable $384,000 % $336,000 % Inventory 672,000 % 560,000 % Total assets 2,400,000 % 2,800,000 %

Answer 1

Answer

	December 31, 2020			December 31, 2019
	Amount	%	Working	Amount	%	Working
Accounts receivables	$384,000	16.0%	$ 384000 / $ 2400000	$336,000	12.0%	$ 336000 / $ 2800000
Inventory	$672,000	28.0%	$ 672000 / $ 2400000	$560,000	20.0%	$ 560000 / $ 2800000
Total Assets	$2,400,000	100.0%	$ 2400000 / $ 2400000	$2,800,000	100.0%	$ 2800000 / $ 2800000