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2 years ago

Using these data from the comparative balance sheet of K. Leen Company, perform vertical analysis.

Business

1 answer:

iogann1982 [59]2 years ago

4 0

Answer and Explanation:

The vertical analysis is presented below:

Comparative Balance Sheet

<u>Particulars Dec 31, 2020 Percentage Dec 31, 2019 Percentage </u>

(a) [(a) ÷ $3200000] × 100 (b) [(b) ÷ $3000000] ×100

Accounts

receivables $400,000 12.5% $400,000 13.3%

Inventory $864,000 27.0% $600,000 20.0%

Total Assets $3,200,000 100.0% $3,000,000 100.0%

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