Prepare vertical analysis calculations by filling in the far right column of Horizon Corporation's balance sheet with the appropriate percentages:
Horizon Corporation
balance Sheet
December 31, 2017 Current assets
$\begin{array}{lc}
\text { Cash } & \$ 23,000 \
\text { Accounts receivable, net } & 40,000 \
\text { Merchandise inventory } & 57,000 \
\text { Prepaid expenses } & 3,000 \
\text { Total current assets } & 123,000
\end{array}$ liabilities Current liabilities
$\begin{array}{ll}
\text { Long-term debt } & 53,200 \
\text { Total liabilities } & 169,600
\end{array}$ Shareholders' equity
$\begin{array}{ll}
\text { Common shares } & 44,000 \
\text { Retained earnings } &{32,900} \
\text { Total shareholders' equity } &{76,900}\
\text { Total liabilities \& shareholders' equity }& \$ 246,500
\end{array}$

Question

Prepare vertical analysis calculations by filling in the far right column of Horizon Corporation's balance sheet with the appropriate percentages:
 Horizon Corporation
balance Sheet 
December 31, 2017  Current assets
 $\begin{array}{lc}
\text { Cash } & \$ 23,000 \
\text { Accounts receivable, net } & 40,000 \
\text { Merchandise inventory } & 57,000 \
\text { Prepaid expenses } & 3,000 \
\text { Total current assets } & 123,000
\end{array}$  liabilities Current liabilities
  $\begin{array}{ll}
\text { Long-term debt } & 53,200 \
\text { Total liabilities } & 169,600
\end{array}$ Shareholders' equity
 $\begin{array}{ll}
\text { Common shares } & 44,000 \
\text { Retained earnings } &{32,900} \
\text { Total shareholders' equity } &{76,900}\
\text { Total liabilities \& shareholders' equity }& \$ 246,500
\end{array}$

Quizplus · Accepted Answer

The Answer of Prepare vertical analysis calculations by filling in the far right column of Horizon Corporation's balance sheet with the appropriate percentages:
 Horizon Corporation
balance Sheet 
December 31, 2017  Current assets
 $\begin{array}{lc}
\text { Cash } & \$ 23,000 \
\text { Accounts receivable, net } & 40,000 \
\text { Merchandise inventory } & 57,000 \
\text { Prepaid expenses } & 3,000 \
\text { Total current assets } & 123,000
\end{array}$  liabilities Current liabilities
  $\begin{array}{ll}
\text { Long-term debt } & 53,200 \
\text { Total liabilities } & 169,600
\end{array}$ Shareholders' equity
 $\begin{array}{ll}
\text { Common shares } & 44,000 \
\text { Retained earnings } &{32,900} \
\text { Total shareholders' equity } &{76,900}\
\text { Total liabilities \& shareholders' equity }& \$ 246,500
\end{array}$

Prepare Vertical Analysis Calculations by Filling in the Far Right