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Lorico [155]
3 years ago
10

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

Business
1 answer:
iogann1982 [59]3 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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