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Brief Exercise 13-5 Using these data from the comparative balance sheet of Sandhill Co., perform vertical analysis. (Round pe

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dec 31 2017 dec 31 2016
amount percentage amount percentage
accounts receivable 504,000 16.0% 438,000 15.8%
inventory 821,000 26.0% 649,000 23.4%
total assets 3,154,000 100% 2,775,000 100%

working:

amounts are expressed as percentage of total assets.

2017 2019
accounts receivable (504,000/3154000)*100=>16.0% (438,000/2,775,000)*100=>15.8%
inventory (821,000/3,154,000)*100=>26.0% (649,000/2775000)*100=>23.4%
total assets (3154000/3154000)*100=>100.0% (2775000/2775000)*100=>100.0%
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