Perform a Vertical Analysis for the Balance Sheet Entry "Cash

question 15

Short Answer

Perform a vertical analysis for the balance sheet entry "Cash" given below. (Round to the nearest tenth) $$\begin{array} { | l l | } \hline \text { Assets } \\\hline \text { Current Assets } & \\\text { Cash } & \$ 35,000 \\\text { Accounts Receivables } & 55,000 \\\text { Merchandise Inventory } & 21,000 \\\text { Supplies } & 3,000 \\\text { Total Current Assets } & 114,000 \\\text { Property, Plant, and Equipment } & \\\text { Machinery and Equipment } & 17,000 \\\text { Total Assets } & \$ 131,000 \\\hline\end{array}$$

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Definitions:

Permanent Home

A place where an individual resides and intends to return, usually considered their lawful or official residence.

Domicile

The country or place a person treats as their permanent home or lives in and is legally attached for purposes such as taxation.

Heir

An individual legally entitled to inherit some or all of the assets of another person upon that person's death.

Execution

The carrying out of a court order or judgment, or the process of putting a plan, order, or course of action into effect.