& https/edugen wileyplus.com/edugen/hiyman.uni Return to Blackboard andt, Accoun

Question

& https/edugen wileyplus.com/edugen/hiyman.uni Return to Blackboard andt, Accounting Principles, 11e CALCULATORPRI Brief Exercise 18-4 Using the following data from the comparative balance sheet of Goody Company Accounts recevable Inventory Total assets $444,850 869,364 $2,542,000 434,720 $692,120 $2,860,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2015 December 31, 2014 Goody Company Percentag Amount $444,850 $869.364 Amount Accounts recevable Inventory Total assets 434,720 196 $692,120 % 32,860,000 $2.542.000 Question Attempts: 0 of 3 used SAVE e to search

Explanation / Answer

Percentages are calculated as (Individual Asset Amount/Total Asset)*100

31/2/15 ($) 31/12/15(%) 31/12/14 ($) 31/12/15 (%) Accounts Receivable 444,850 17.5% 434,720 15.2% Inventory 869,364 34.2% 692,120 24.2% Total Assets 2,542,000 100% 2,860,000 100%

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