Question

Brief Exercise 13-05 Using these data from the comparative balance sheet of Oriole Company, perform vertical...

Brief Exercise 13-05

Using these data from the comparative balance sheet of Oriole 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

$ 377,600 Enter a value in percentages rounded to 1 decimal place.

% $ 320,000 Enter a value in percentages rounded to 1 decimal place.

%

Inventory

$ 695,400 Enter a value in percentages rounded to 1 decimal place.

% $ 570,000 Enter a value in percentages rounded to 1 decimal place.

%

Total assets

$3,178,400 Enter a value in percentages rounded to 1 decimal place.

% $2,740,000 Enter a value in percentages rounded to 1 decimal place.

%
0 0
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Answer #1
Dec.31,2022 Dec.31,2021
Amount Percentage Amount Percentage
Accounts receivable $377,600 11.9 % $320,000 11.7 %
Inventory 695,400 21.9 % 570,000 20.8 %
Total assets $3,178,400 100 % $2,740,000 100 %
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