Question

Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.)

		Dec. 31, 2022					Dec. 31, 2021
		Amount		Percentage			Amount		Percentage
Accounts receivable		$ 460,000		Enter a value in percentages rounded to 1 decimal place.	%		$ 400,000		Enter a value in percentages rounded to 1 decimal place.	%
Inventory		$ 780,000		Enter a value in percentages rounded to 1 decimal place.	%		$ 650,000		Enter a value in percentages rounded to 1 decimal place.	%
Total assets		$3,164,000		Enter a value in percentages rounded to 1 decimal place.	%		$2,800,000		Enter a value in percentages rounded to 1 decimal place.	%

Answer 1

	Dec. 31, 2022		Dec. 31, 2021
	Amount	Percentage	Amount	Percentage
Accounts receivable	460000	14.5%	400000	14.3%
Inventory	780000	24.7%	650000	23.2%
Total assets	3164000	100.0%	2800000	100.0%
Workings:
Dec. 31, 2022:
Accounts receivable	14.5%	=460000/3164000
Inventory	24.7%	=780000/3164000
Dec. 31, 2021:
Accounts receivable	14.3%	=400000/2800000
Inventory	23.2%	=650000/2800000