This Question 2 pts 10 of 15 3 completeThis Quiz 20 pts poss

This Question: 2 pts 10 of 15 (3 complete)This Quiz: 20 pts possi. Reliable Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018 2019 2018 Cash and Receivables Merchandise Inventony Property, Plant and Equipment, net Total Assets Total Liabilities $135,000 150,000 740,000 $1,100,000 $1,025,000 $435,000 $465,000 $135,000 185,000 780,000 For the vertical analysis, what is the percentage of total liabilities for December 31, 2018? (Round your answer to two decimal places.) OA. 290396 B. OC. OD, 39.55% 100.00% 45.37%

Solution

Calculate percentage of total liabilities for december 31,2018

Total liabilities = 465000*100/1025000 = 45.37%

So answer is d) 45.37%