Question

Hoosier Optical Company reported the following amounts on its balance sheet at December 31, 2018 and 2017 EEB (Click the icon to view the amounts.) Prepare a vertical analysis of Hoosier's assets for 2018 and 2017 Begin by preparing a vertical analysis of Hoosier's assets for 2018, then prepare a vertical analysis for 2017. (Round the Data Table Hoosier Optical Company Balance Sheet (partial) December 31, 2018 and 2017 2018 2017 2018 Percent of Total 2017 Percent of Total 76,680 $ 55,890 Cash and Receivables Merchandise Inventory Property, Plant, and Equipment, Net Total Assets 65,250 53,000 131,750 250,000 Cash and Receivables $76,680 % $ 65,250 Merchandise Inventory 55,890 53,000 137,430 Property, Plant and Equipment, Net 137,430[ 131,750- 270,000$ $ 270,000 $ 250,000 Total Assets Print Done

Answer 1

Solution:

	2018		2017
	Amount	Percent	Amount	Percent
Cash and Receivables	76,680	28.40%	66,250	26.39%
Merchandise Inventory	55,890	20.70%	53,000	21.12%
Property, plant and equioment, net	137,430	50.90%	131,750	52.49%
Total assets	270,000	100.00%	251,000	100.00%

Working:

	Amount	Percent	Amount	Percent
Cash and Receivables	76,680	76,680/270,000*100	66,250	66,250/251,000 * 100
Merchandise Inventory	55,890	55,890/270,000*100	53,000	53,000/251,000 * 100
Property, plant and equioment, net	137,430	137,430/270,000*100	131,750	131,750/251,000 * 100
Total assets	270,000		251,000