Using these data from the comparative balance sheets of Blossom Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable (net) $424,551 enter Accounts receivable in percentages on Dec. 31, 2022 % $ 333,450 enter Accounts receivable in percentages on Dec. 31, 2022 % Inventory 707,585 enter Inventory in percentages on Dec. 31, 2022 % 589,950 enter Inventory in percentages on Dec. 31, 2022 % Total assets 3,011,000 enter Total assets in percentages on Dec. 31, 2022 % 2,565,000 enter Total assets in percentages on Dec. 31, 2022 %
Using these data from the comparative balance sheets of Blossom Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable (net) $424,551 enter Accounts receivable in percentages on Dec. 31, 2022 % $ 333,450 enter Accounts receivable in percentages on Dec. 31, 2022 % Inventory 707,585 enter Inventory in percentages on Dec. 31, 2022 % 589,950 enter Inventory in percentages on Dec. 31, 2022 % Total assets 3,011,000 enter Total assets in percentages on Dec. 31, 2022 % 2,565,000 enter Total assets in percentages on Dec. 31, 2022 %
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PB
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Question
Using these data from the comparative balance sheets of Blossom Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)
|
Dec. 31, 2022
|
Dec. 31, 2021
|
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Amount
|
Percentage
|
Amount
|
Percentage
|
|||||||
| Accounts receivable (net) | $424,551 |
enter Accounts receivable in percentages on Dec. 31, 2022
|
% | $ 333,450 |
enter Accounts receivable in percentages on Dec. 31, 2022
|
%
|
||||
| Inventory | 707,585 |
enter Inventory in percentages on Dec. 31, 2022
|
% | 589,950 |
enter Inventory in percentages on Dec. 31, 2022
|
%
|
||||
| Total assets | 3,011,000 |
enter Total assets in percentages on Dec. 31, 2022
|
% | 2,565,000 |
enter Total assets in percentages on Dec. 31, 2022
|
%
|
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