Below Is a Partially Completed Vertical Analysis of a Balance

question 49

Short Answer

Below is a partially completed vertical analysis of a balance sheet.
Rachel completes a vertical analysis of her company’s balance sheet. What percent of total liabilities and owner’s equity is accounts payable? Round to the nearest tenth.

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Definitions:

Federal Law

Laws enacted by the national government of a country that are applicable throughout its entire territory.

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Laws that are established and enforced by individual states within a country, differing from federal or national laws.

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Taft-Hartley Act

A 1947 U.S. federal law that restricts the activities and power of labor unions.