Solve the problem. Express answers as a percent rounded to the nearest tenth.
Complete a vertical analysis on the balance sheet for Mullen's Hardware for December 31 of last year. The company assets are cash 
accounts receivable 
and merchandise inventory 
The liabilities are accounts payable 
and wages payable $25,000. The owner's capital is $92,000.
A. Mullen's Hardware Balance Sheet
Cash: 7.2%
Accounts receivable: 27.3%
Merchandise inventory: 65.5%
Total assets: 100%
Accounts payable: 15.8%
Wages payable: 18.0%
Total liabilities: 33.8%
Mullen's capital: 66.2%
Total liabilities and owner's equity: 100%
B. Mullen's Hardware Balance Sheet
Cash: 7.2%
Accounts receivable: 27.3%
Merchandise inventory: 65.5%
Total assets: 100%
Accounts payable: 15.8%
Wages payable: 53.2%
Total liabilities: 33.8%
Mullen's capital: 66.2%
Total liabilities and owner's equity: 100%
C. Mullen's Hardware Balance Sheet
Cash: 7.2%
Accounts receivable: 27.3%
Merchandise inventory: 65.5%
Total assets: 100%
Accounts payable: 46.8%
Wages payable: 53.2%
Total liabilities: 100%
Mullen's capital: 66.2%
Total liabilities and owner's equity: 100%
D. Mullen's Hardware Balance Sheet
Cash: 7.2%
Accounts receivable: 27.3%
Merchandise inventory: 65.5%
Total assets: 100%
Accounts payable: 46.8%
Wages payable: 18.0%
Total liabilities: 33.8%
Mullen's capital: 66.2%
Total liabilities and owner's equity: 100%
Answer: A
You might also like to view...
Write the first four terms of the sequence.{(-1)n + 1(n + 8)}
A. 9, -20, 33, -48 B. -10, 11, -12, 13 C. -9, 10, -11, 12 D. 9, -10, 11, -12
Rationalize the denominator.
A. 1
B. 2
C. 
D. 2
Indicate whether the function is one-to-one.{(6, -8), (-3, -7), (-5, -6), (-7, -5)}
A. Yes B. No
Solve the linear programming problem.The Fiedler family has up to $130,000 to invest. They decide that they want to have at least $40,000 invested in stable bonds yielding 5.5% and that no more than $60,000 should be invested in more volatile bonds yielding 11%. How much should they invest in each type of bond to maximize income if the amount in the stable bond should not exceed the amount in the more volatile bond? What is the maximum income?
What will be an ideal response?