Reliable Moving Company reported the following amounts on its balance sheet as of December 31,2019 and December 31,2018:

For the vertical analysis,what is the percentage of total liabilities for December 31,2018? (Round your answer to two decimal places. )

Question

Reliable Moving Company reported the following amounts on its balance sheet as of December 31,2019 and December 31,2018:

For the vertical analysis,what is the percentage of total liabilities for December 31,2018? (Round your answer to two decimal places. )

Quizplus · Accepted Answer

D)Vertical analysis % = (Specific item / Base amount)× 100
Vertical analysis % = ($435,000/ $1,125,000)× 100
Vertical analysis % = 38.67%

Reliable Moving Company Reported the Following Amounts on Its Balance