Argentina Moving Company reported the following amounts on its balance sheet as of December 31,2016 and December 31,2017:

For the vertical analysis,what is the percentage of stockholders' equity as of December 31,2017? (Round your answer to two decimal places. )
A)100.00%
B)58.13%
C)53.48%
D)There is not enough information provided to make this computation.

Question

Argentina Moving Company reported the following amounts on its balance sheet as of December 31,2016 and December 31,2017:

For the vertical analysis,what is the percentage of stockholders' equity as of December 31,2017? (Round your answer to two decimal places. )
A)100.00% 
B)58.13% 
C)53.48% 
D)There is not enough information provided to make this computation.

Quizplus · Accepted Answer

C)Vertical analysis % = (Specific item / Base amount)× 100
Vertical analysis % = ($1,150,000 - 535,000 / $1,150,000)× 100
Vertical analysis % = 53.48%

Argentina Moving Company Reported the Following Amounts on Its Balance