Perform a vertical analysis for the balance sheet entry "Cash" given below. (Round to the nearest tenth) $$\begin{array} { | l l | }
\hline \text { Assets } \
\hline \text { Current Assets } & \
\text { Cash } & \$ 35,000 \
\text { Accounts Receivables } & 55,000 \
\text { Merchandise Inventory } & 21,000 \
\text { Supplies } & 3,000 \
\text { Total Current Assets } & 114,000 \
\text { Property, Plant, and Equipment } & \
\text { Machinery and Equipment } & 17,000 \
\text { Total Assets } & \$ 131,000 \
\hline
\end{array}$$

Question

Perform a vertical analysis for the balance sheet entry "Cash" given below. (Round to the nearest tenth) $$\begin{array} { | l l | } 
\hline \text { Assets } \
\hline \text { Current Assets } & \
\text { Cash } & \$ 35,000 \
\text { Accounts Receivables } & 55,000 \
\text { Merchandise Inventory } & 21,000 \
\text { Supplies } & 3,000 \
\text { Total Current Assets } & 114,000 \
\text { Property, Plant, and Equipment } & \
\text { Machinery and Equipment } & 17,000 \
\text { Total Assets } & \$ 131,000 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Perform a vertical analysis for the balance sheet entry "Cash" given below. (Round to the nearest tenth) $$\begin{array} { | l l | } 
\hline \text { Assets } \
\hline \text { Current Assets } & \
\text { Cash } & \$ 35,000 \
\text { Accounts Receivables } & 55,000 \
\text { Merchandise Inventory } & 21,000 \
\text { Supplies } & 3,000 \
\text { Total Current Assets } & 114,000 \
\text { Property, Plant, and Equipment } & \
\text { Machinery and Equipment } & 17,000 \
\text { Total Assets } & \$ 131,000 \
\hline
\end{array}$$

Perform a Vertical Analysis for the Balance Sheet Entry "Cash