Using these data from the comparative balance sheet of Sheri

Using these data from the comparative balance sheet of Sheridan Company, perform vertical analysis. Dec. 31, 2017 Dec. 31, 2016 Amount Percentage Amount Percentage $570,000 $731,000 % $370,000 96 $646,000 % $2,770,000 Inventory Total assets $3,163,000 Click if you would like to Show Work for this question: Open Show Work

Solution

=570000/1301000 =18.02%

=731000/1301000=23.11%

=1301000/1301000=100%

=370000/1016000 =13.4%

=646000/1016000=23.3%

=646000/1016000=100%

	Amount	Percentage	Amount	Percentage
Account Receviable	570000	18.02%	370000	13.4%
Inventory	731000	23.11%	646000	23.3%
Total Assets	1301000		1016000