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Home Q & A Board Other Fields Homework Help Business Accounting
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damnitdiane damnitdiane
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5 years ago
Empire Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017:

20172016
Cash and Receivables$105,000$165,000
Merchandise Inventory205,000230,000
Property, Plant and Equipment, net810,000710,000
Total Assets$1,120,000$1,105,000
Total Liabilities$465,000$455,000

For the vertical analysis, what is the percentage of total liabilities for December 31, 2016?  (Round your answer to two decimal places.)
A) 100.00%
B) 41.52%
C) 36.26%
D) 41.18%
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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jayfo05jayfo05
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5 years ago
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