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Accounts Receivable Are $ 250,000

Question 10

Multiple Choice

Accounts receivable are $ 250,000. Accounts payable are $ 100,000. Actual revenue was 3,000,000; budgeted revenue was $ 2,850,000. Balance sheet total is $ 7,500,000. Vertical analysis would give which value for accounts payable?


A) 0.013
B) 0.033
C) 0.035
D) 0.052

Correct Answer:

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