Using These Data from the Comparative Balance Sheet of K

question 124

Essay

Using these data from the comparative balance sheet of K. Leen Company, perform vertical analysis. $\begin{array}{lrr}&\text { December 31, } 2014&\text { December 31, } 2013\\\text { Accounts receivable } & \$ 400,000 & \$ 400,000 \\\text { Inventory } & 864,000 & 600,000 \\\text { Total assets } & 3,200,000 & 3,000,000\end{array}$

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Definitions:

Projective Test

A type of personality test in which the individual offers responses to ambiguous scenes, words, or images, revealing hidden emotions and internal conflicts.

Ambiguous Shapes

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Rorschach Test

A psychological test involving inkblots to analyze a person's personality traits and emotional functioning.

Exuberant

Describes an effusive, unrestrained, or enthusiastic nature, often involving lively energy or excitement.