Given the following data: In vertical analysis, current liabilities would be expressed as:

Question

Given the following data:  In vertical analysis, current liabilities would be expressed as:

Quizplus · Accepted Answer

Vertical analysis is the method of comparing individual items to a base item within the same financial statement. Current liabilities are typically the base item used in vertical analysis of a balance sheet. To express an item as a percentage of the base item, we divide the item by the base item and multiply by 100.

In this case, the given data does not provide any financial information that could be analyzed using vertical analysis. Therefore, the answer cannot be determined.

Given the Following Data: in Vertical Analysis, Current Liabilities