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Home Q & A Board Other Fields Homework Help Business Management
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Kiuli Mulitalo Kiuli Mulitalo
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4 years ago
Modern Moving Company reported the following amounts on its balance sheet as of December​ 31, 2019 and December​ 31, 2018:
2019
2018
Cash and Receivables
$ 75 comma 000
$ 65 comma 000
Merchandise Inventory
145 comma 000
250 comma 000
​Property, Plant and​ Equipment, net
750 comma 000
790 comma 000
Total Assets
$ 970 comma 000
$ 1 comma 105 comma 000
Total Liabilities
$ 455 comma 000
$ 465 comma 000
For the vertical​ analysis, what is the percentage of​ stockholders' equity as of December​ 31, 2019?​ (Round your answer to two decimal​ places.)
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#1
Staff Member
4 years ago
Vertical analysis % = (Specific item / Base amount) × 100

Specific item = Total Assets - Total Liability = 970,000 - 455,000 = 515000

Vertical analysis % = [ 515000 / 970,000] × 100
Vertical analysis % = 53.09% Or 53.1%
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