The following information is provided from Ace Electronics' annual report for the years ended December 31:
-Refer to the Ace Electronics annual report above.Using vertical analysis, Sales would be represented as ________.
Definitions:
Accounts Receivable
Funds that customers owe to a company for products or services provided but for which payment has not been received.
Unearned Revenue
Money received by a business for services or products yet to be delivered or provided, recognized as a liability on the balance sheet.
Ledger
A comprehensive set of accounts that records all financial transactions of a business, categorized by type.
Normal Balances
The side (debit or credit) on which increases to an account are recorded, depending on the type of account.
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