Below Is a Partially Completed Vertical Analysis of a Balance

question 23

Short Answer

Below is a partially completed vertical analysis of a balance sheet.
What are the total assets for Rachel’s Candle Company?

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Definitions:

Olivine

A green iron-magnesium silicate mineral that composes much of the upper mantle and also occurs in mafic and ultramafic igneous rocks.

Plagioclase

A very common rock-forming feldspar mineral that contains sodium, calcium, or both elements.

Crystallization

The process by which a solid forms, where the atoms or molecules are highly structured in a pattern extending in all three spatial dimensions.

Felsic Minerals

Light-colored minerals that are rich in silica and aluminum, commonly found in continental crust rocks like granite.