Argentina Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017
2017 2016
Cash and Receivables $125,000 $145,000
Merchandise Inventory 165,000 170,000
Property, Plant and Equipment, net 760,000 760,000
Total Assets $1,050,000 $1,075,000
Total Liabilities $475,000 $435,000
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) 59.53%
C) 54.76%
D) There is not enough information provided to make this computation.
C .C) Vertical analysis % = (Specific item / Base amount) x 100
Vertical analysis % = ($1,050,000 - 475,000/ $1,050,000 ) x 100
Vertical analysis % = 54.76%
You might also like to view...
Which type of nonprofit organization offers services to all clients within its jurisdiction?
A. Administrative B. Mutual-benefit C. Aid-based D. Authority E. Commonweal
The promissory note is the simplest form of commercial paper.
Answer the following statement true (T) or false (F)
When contemporary leadership researchers analyze conversations between leaders and subordinates in a workplace, they are using which approach in their studies?
A. trait approach B. discursive approach C. do as the leader wishes approach D. authentic leader approach
When dealing with people at work, managers must have an understanding of all of the following EXCEPT
A. leadership. B. decision making. C. organizational structure and design. D. organizational culture. E. long-term plans of marketplace competitors.