Complete the following vertical analysis of a balance sheet: $$\begin{array} { | c | c | c | }
\hline & \text { Amount } & \text { Percent } \
\hline \text { Current assets } & \$ 15,751 & \mathrm {~A} \
\hline \text { Accounts Receivable } & \$ 10,888 & \mathrm {~B} \
\hline \text { Inventory } & \$ 97,125 & \mathrm { C } \
\hline \text { PPD expenses } & \$ 11,448 & \mathrm { D } \
\hline \text { Total assets } & \$ 135,212 & 100 \% \
\hline
\end{array}$$ (Round to nearest tenth percent.)
A)11.6%, 8.1%, 71.8%, 8.5%
B)11.5%, 8.0%, 72%, 11.7%
C)13%, 8.6%, 80%, 12.7%
D)15%, 10.2%, 66.1%, 12.5%
E)None of these

Question

Complete the following vertical analysis of a balance sheet: $$\begin{array} { | c | c | c | } 
\hline & \text { Amount } & \text { Percent } \
\hline \text { Current assets } & \$ 15,751 & \mathrm {~A} \
\hline \text { Accounts Receivable } & \$ 10,888 & \mathrm {~B} \
\hline \text { Inventory } & \$ 97,125 & \mathrm { C } \
\hline \text { PPD expenses } & \$ 11,448 & \mathrm { D } \
\hline \text { Total assets } & \$ 135,212 & 100 \% \
\hline
\end{array}$$ (Round to nearest tenth percent.)
A)11.6%, 8.1%, 71.8%, 8.5%
B)11.5%, 8.0%, 72%, 11.7%
C)13%, 8.6%, 80%, 12.7%
D)15%, 10.2%, 66.1%, 12.5%
E)None of these

Quizplus · Accepted Answer

To find the percentage for each item, divide the amount by the total assets and multiply by 100. For Current assets: (15,751 / 135,212) * 100 = 11.6%. For Accounts Receivable: (10,888 / 135,212) * 100 = 8.1%. For Inventory: (97,125 / 135,212) * 100 = 71.8%. For PPD expenses: (11,448 / 135,212) * 100 = 8.5%.

Complete the Following Vertical Analysis of a Balance Sheet (Round to Nearest Tenth Percent