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:

Sparklines Group

A feature in Microsoft Excel that allows users to create small, word-sized charts within cells to visually represent data trends.

Insert Tab

A section in software applications, typically found in a ribbon or toolbar, that provides quick access to tools for adding various elements like images, tables, or charts to documents.

Data Labels

Textual identifiers that provide additional information about a data point in a chart or graph.

Chart Elements

The individual components that make up a chart, such as the title, legend, axes, data series, and labels.