Solve the problem. Express answers as a percent rounded to the nearest tenth.

Complete a vertical analysis on the balance sheet for Jake's Janitorial Service for December 31 of last year. The company assets are cash  accounts receivable  merchandise inventory  and equipment  The liabilities are accounts payable  wages payable  and mortgage note payable  The owner's capital is 



A. Jake's Janitorial Service Balance Sheet

Cash: 13.6%

Accounts receivable: 23.5%

Merchandise inventory: 37.6%

Equipment: 25.3%

Total assets: 100%

Accounts payable: 14.4%

Wages payable: 24.7%

Mortgage note payable: 26.7%

Total liabilities: 43.9%

Jake's capital: 56.1%

Total liabilities and owner's equity: 100%



B. Jake's Janitorial Service Balance Sheet

Cash: 13.6%

Accounts receivable: 23.5%

Merchandise inventory: 37.6%

Equipment: 25.3%

Total assets: 100%

Accounts payable: 6.3%

Wages payable: 10.9%

Mortgage note payable: 60.8%

Total liabilities: 43.9%

Jake's capital: 56.1%

Total liabilities and owner's equity: 100%



C. Jake's Janitorial Service Balance Sheet

Cash: 13.6%

Accounts receivable: 23.5%

Merchandise inventory: 37.6%

Equipment: 25.3%

Total assets: 100%

Accounts payable: 6.3%

Wages payable: 10.9%

Mortgage note payable: 26.7%

Total liabilities: 43.9%

Jake's capital: 56.1%

Total liabilities and owner's equity: 100%



D. Jake's Janitorial Service Balance Sheet 

Cash: 13.6%

Accounts receivable: 23.5%

Merchandise inventory: 37.6%

Equipment: 25.3%

Total assets: 100%

Accounts payable: 14.4%

Wages payable: 24.7%

Mortgage note payable: 60.8%

Total liabilities: 100%

Jake's capital: 56.1%

Total liabilities and owner's equity: 100%




Answer: C

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