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Home Q & A Board Other Fields Homework Help Business Accounting
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mik1104 mik1104
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5 years ago
Brink Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017:

20172016
Cash and Receivables$165,000$65,000
Merchandise Inventory195,000160,000
Property, Plant and Equipment, net810,000760,000
Total Assets$1,170,000$985,000
Total Liabilities$485,000$405,000

For the vertical analysis, what is the percentage of current assets as of December 31, 2017? (Round your answer to two decimal places.)
A) 30.77%
B) 22.84%
C) 29.61%
D) 44.44%
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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hiitsskyhiitssky
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mik1104 Author
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5 years ago
Literally the most helpful website ever
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Monkey
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Thank you
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yes
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