6. Milatin Corp. reported the following amounts on its balance sheet at December

Question

6. Milatin Corp. reported the following amounts on its balance sheet at December 31, 2018 and 2017: EEB (Click the icon to view the amounts.) Prepare a vertical analysis of Milatin Corp. for 2018 and 2017 Begin by preparing a vertical analysis of Milatin assets for 2018, then prepare a vertical analysis for 2017. (Round the percent of total amounts to one decimal pla XX%.) Milatin Optical Company Balance Sheet (partial) December 31, 2018 and 2017 2018 Percent of Total Cash and Receivables Merchandise Inventory Property, Plant and Equipment, Net Total Assets $ 32,500 23,660 73,840 130,000 Balance Sheet Data 2018 2017 Cash and Receivables Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 32,500 $ 23,660 73,840 36,600 10,800 52,600 100,000 130,000 Print Done

Explanation / Answer

Balance Sheet (Partial) Dec 31 2018 and 2017 2018 % Total 2017 % Total Cash and receivables 32500 25.00% 36600 36.60% Merchandise Inventory 23660 18.20% 10800 10.80% Pproperty, Plant and Equipment 73840 56.80% 52600 52.60% Total assets 130000 100.00% 100000 100.00%

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