For the vertical analysis, what is the percentage of stockholders' equity as of December 31, 2019? (Round your answer to two decimal places.)
Modern Moving Company reported the following amounts on its balance sheet as of December 31,
2019 and December 31, 2018:
A) 100.00%
B) 54.11%
C) 55.79%
D) There is not enough information provided to make this computation.
C) 55.79%
Vertical analysis % = (Specific item / Base amount) × 100
Vertical analysis % = [($1,210,000 - 535,000)/ $1,210,000] × 100
Vertical analysis % = 55.79%
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