Perform a vertical analysis for the balance sheet entry "Accounts Payable" given below. (Round to the nearest tenth) $$\begin{array}{l}
\text { Liabilities and Owner's Equity }\
\begin{array} { l l }
\hline \text { Current Liabilities } & \
\text { Accounts Payable } & \$ 8,100 \
\text { Sal aries Payable } & 14,600 \
\text { Taxes Payable } & 1,500 \
\text { Total Current Liabilities } & 24,200 \
\text { Long-term Liabilities } & \
\text { Debenture Bond } & 6,000 \
\text { Total Liabilities } & 30,200 \
\text { Stockholder's Equity } & \
\text { Retained earnings } & 6,700 \
\text { Total Liabilities and Stockholder's Equity } & \$ 36,900 \
\hline
\end{array}
\end{array}$$
A) 22.0%
B) 17.5%
C) 16.9%
D) 14.8%

Question

Perform a vertical analysis for the balance sheet entry "Accounts Payable" given below. (Round to the nearest tenth) $$\begin{array}{l}
\text { Liabilities and Owner's Equity }\
\begin{array} { l l } 
\hline \text { Current Liabilities } & \
\text { Accounts Payable } & \$ 8,100 \
\text { Sal aries Payable } & 14,600 \
\text { Taxes Payable } & 1,500 \
\text { Total Current Liabilities } & 24,200 \
\text { Long-term Liabilities } & \
\text { Debenture Bond } & 6,000 \
\text { Total Liabilities } & 30,200 \
\text { Stockholder's Equity } & \
\text { Retained earnings } & 6,700 \
\text { Total Liabilities and Stockholder's Equity } & \$ 36,900 \
\hline
\end{array}
\end{array}$$
A) 22.0%
B) 17.5%
C) 16.9%
D) 14.8%

Quizplus · Accepted Answer

The Answer of Perform a vertical analysis for the balance sheet entry "Accounts Payable" given below. (Round to the nearest tenth) $$\begin{array}{l}
\text { Liabilities and Owner's Equity }\
\begin{array} { l l } 
\hline \text { Current Liabilities } & \
\text { Accounts Payable } & \$ 8,100 \
\text { Sal aries Payable } & 14,600 \
\text { Taxes Payable } & 1,500 \
\text { Total Current Liabilities } & 24,200 \
\text { Long-term Liabilities } & \
\text { Debenture Bond } & 6,000 \
\text { Total Liabilities } & 30,200 \
\text { Stockholder's Equity } & \
\text { Retained earnings } & 6,700 \
\text { Total Liabilities and Stockholder's Equity } & \$ 36,900 \
\hline
\end{array}
\end{array}$$
A) 22.0%
B) 17.5%
C) 16.9%
D) 14.8%

Perform a Vertical Analysis for the Balance Sheet Entry "Accounts