If total assets are $14,000, what is the vertical analysis for Cash when it has a balance of $8,000? (Round your answer two decimal places, X.XX%.)
A) 42.86%
B) 57.14%
C) 233.33%
D) 27.27%

Question

Quizplus · Accepted Answer

57.14%Vertical analysis of an item like Cash in the context of total assets involves calculating the percentage that the item represents of the total assets. This is done by dividing the item's value by the total assets and then multiplying by 100. For Cash with a balance of $8,000 and total assets of $14,000, the calculation is ($8,000 / $14,000) * 100 = 57.14%.

If Total Assets Are $14,000, What Is the Vertical Analysis