Brink Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017 2017 2016 Cash and Receivables $75,000 $145,000 Merchandise Inventory 215,000 170,000 Property, Plant and Equipment, net 750,000 800,000 Total Assets $1,040,000 $1,115,000 Total Liabilities $495,000 $435,000 For the vertical analysis, what is the percentage of current assets as of December 31, 2017? (Round your answer to two decimal places.)
A) 27.88%
B) 28.25%
C) 39.38%
D) 38.67%
A .B) Vertical analysis % = (Specific item / Base amount) x 100
Vertical analysis % = ($75,000 + 215,000 / $1,040,000 ) x 100
Vertical analysis % = 27.88%
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