Author Question: >Complete a vertical analysis on the balance sheet for Mullen's Hardware for December 31 of last ... (Read 217 times)

ahriuashd · **on:** Feb 26, 2020

>Complete a vertical analysis on the balance sheet for Mullen's Hardware for December 31 of last year. The company assets are cash accounts receivable and merchandise inventory The liabilities are accounts payable and wages payable $25,000. The owner's capital is $92,000.
◦ Mullen's Hardware Balance Sheet
Cash: 7.2%
Accounts receivable: 27.3%
Merchandise inventory: 65.5%
Total assets: 100%
Accounts payable: 15.8%
Wages payable: 53.2%
Total liabilities: 33.8%
Mullen's capital: 66.2%
Total liabilities and owner's equity: 100%

◦ Mullen's Hardware Balance Sheet
Cash: 7.2%
Accounts receivable: 27.3%
Merchandise inventory: 65.5%
Total assets: 100%
Accounts payable: 46.8%
Wages payable: 18.0%
Total liabilities: 33.8%
Mullen's capital: 66.2%
Total liabilities and owner's equity: 100%

◦ Mullen's Hardware Balance Sheet
Cash: 7.2%
Accounts receivable: 27.3%
Merchandise inventory: 65.5%
Total assets: 100%
Accounts payable: 15.8%
Wages payable: 18.0%
Total liabilities: 33.8%
Mullen's capital: 66.2%
Total liabilities and owner's equity: 100%

◦ Mullen's Hardware Balance Sheet
Cash: 7.2%
Accounts receivable: 27.3%
Merchandise inventory: 65.5%
Total assets: 100%
Accounts payable: 46.8%
Wages payable: 53.2%
Total liabilities: 100%
Mullen's capital: 66.2%
Total liabilities and owner's equity: 100%

LVPMS · **Reply #1 on:** Feb 26, 2020

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