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:

Marginal Cost

The cost of producing one additional unit of a good or service, computed by dividing the change in total cost by the change in quantity produced.

Moral Hazard

The risk that one party to a contract can change their behavior to the detriment of the other party once the contract has been concluded.

Automobile Driving

The operation and control of a car, including the mastery of various techniques and understanding of road rules for safe transportation.

Marginal Cost

The additional cost incurred from producing one more unit of a good or service.