Using the following data from the comparative balance sheet of Rodenbeck Company, illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 10.5.)
| December 31, 2011 | December 31, 2010 | |||
| Accounts receivable | $ 527,990 | $ 406,800 | ||
| Inventory | $ 852,960 | $ 603,240 | ||
| Total assets | $ 3,029,000 | $2,441,700 |
Vertical Analysis
|
Dec. 31, 2011 |
Dec. 31, 2010 |
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|
Amount |
Percentage |
Amount |
Percentage |
|
| Accounts receivable | $ | % | $ | % |
| Inventory | $ | % | $ | % |
| Total assets | $ | % | $ | % |