Using these data from the comparative balance sheets of Cullumber Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%) Accounts receivable (net) Inventory Total assets Amount $453,568 746,000 2,984,000 Dec. 31, 2022 Percentage % % % Amount $373,996 535,724 2,527,000 Dec. 31, 2021 Percentage

Using these data from the comparative balance sheets of Cullumber Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%) Accounts receivable (net) Inventory Total assets Amount $453,568 746,000 2,984,000 Dec. 31, 2022 Percentage % % % Amount $373,996 535,724 2,527,000 Dec. 31, 2021 Percentage

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4CE

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DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Accounts Receivable Inventory Total Assets Dec. 31, 2022 460,000 780,000 3,164,000 Example: Dec. 31, 2021 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Accounts Receivable 2022 400,000 650,000 2,800,000 30000 ·I· 500000 = = 6.0 % %
DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Accounts Receivable Inventory Total Assets Dec. 31, 2022 460,000 780,000 3,164,000 Example: Dec. 31, 2021 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Accounts Receivable 2022 400,000 650,000 2,800,000 30000 ÷ 500000 = 6.0 % %