Using the following data from the comparative balance sheet of Rodenbeck Company, illustrate vertical analysis.
|
|
December 31, 2011 |
|
December 31, 2010 |
|
Accounts receivable |
$ 527,990 |
|
$ 406,800 |
|
Inventory |
$ 852,960 |
|
$ 603,240 |
|
Total assets |
$ 3,029,000 |
|
$2,441,700 |
Vertical Analysis
|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Amount
|
Percentage
|
Amount
|
Percentage
|
| Accounts receivable |
$ |
% |
$ |
% |
| Inventory |
$ |
% |
$ |
% |
| Total assets |
$ |
% |
$ |
% |