Author Question: >Complete a vertical analysis on the balance sheet for Jake's Janitorial Service for December 31 of ... (Read 222 times)

SGallaher96 · **on:** Feb 26, 2020

>Complete a vertical analysis on the balance sheet for Jake's Janitorial Service for December 31 of last year. The company assets are cash accounts receivable merchandise inventory and equipment The liabilities are accounts payable wages payable and mortgage note payable The owner's capital is
◦ Jake's Janitorial Service Balance Sheet
Cash: 13.6%
Accounts receivable: 23.5%
Merchandise inventory: 37.6%
Equipment: 25.3%
Total assets: 100%
Accounts payable: 14.4%
Wages payable: 24.7%
Mortgage note payable: 26.7%
Total liabilities: 43.9%
Jake's capital: 56.1%
Total liabilities and owner's equity: 100%

◦ Jake's Janitorial Service Balance Sheet
Cash: 13.6%
Accounts receivable: 23.5%
Merchandise inventory: 37.6%
Equipment: 25.3%
Total assets: 100%
Accounts payable: 6.3%
Wages payable: 10.9%
Mortgage note payable: 60.8%
Total liabilities: 43.9%
Jake's capital: 56.1%
Total liabilities and owner's equity: 100%

◦ Jake's Janitorial Service Balance Sheet
Cash: 13.6%
Accounts receivable: 23.5%
Merchandise inventory: 37.6%
Equipment: 25.3%
Total assets: 100%
Accounts payable: 6.3%
Wages payable: 10.9%
Mortgage note payable: 26.7%
Total liabilities: 43.9%
Jake's capital: 56.1%
Total liabilities and owner's equity: 100%

◦ Jake's Janitorial Service Balance Sheet
Cash: 13.6%
Accounts receivable: 23.5%
Merchandise inventory: 37.6%
Equipment: 25.3%
Total assets: 100%
Accounts payable: 14.4%
Wages payable: 24.7%
Mortgage note payable: 60.8%
Total liabilities: 100%
Jake's capital: 56.1%
Total liabilities and owner's equity: 100%

jgranad15 · **Reply #1 on:** Feb 26, 2020

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