HIJ reported the following data for 2014 in 000's: Assuming vertical analysis,what is the relationship between current assets,operational assets,and other assets,respectively? (Rounded to the nearest percent)

Question

HIJ reported the following data for 2014 in 000's:  Assuming vertical analysis,what is the relationship between current assets,operational assets,and other assets,respectively? (Rounded to the nearest percent)

Quizplus · Accepted Answer

The sum of current assets, operational assets, and other assets is 100%, and their percentage breakdowns are as follows: 
- Current assets: $418,700 / $3,872,800 = 10.82% 
- Operational assets: $3,134,900 / $3,872,800 = 81.00% 
- Other assets: $319,200 / $3,872,800 = 8.24% 
Therefore, the relationship between current assets, operational assets, and other assets is 10.82% : 81.00% : 8.24%, which is closest to Choice 3.

HIJ Reported the Following Data for 2014 in 000's