Solve the problem. Express answers as a percent rounded to the nearest tenth.
20) Complete a vertical analysis on the balance sheet for Jake's Janitorial Service for December 31 of last year. The
company assets are cash $20,000, accounts receivable $48,000, merchandise inventory $89,000, and equipment
$82,000. The liabilities are accounts payable $13,000, wages payable $16,000, and mortgage note payable
$77,000. The owner's capital is $133,000.
1 answer
complete a vertical analysis on the balance sheet for jake's janitorial service for december 31 of last year...