Brink Moving Company reported the following amounts on its balance sheet as of December 31,2016 and December 31,2017:

For the vertical analysis,what is the percentage of current assets as of December 31,2017? (Round your answer to two decimal places. )
A)30.77%
B)22.84%
C)29.61%
D)44.44%

Question

Brink Moving Company reported the following amounts on its balance sheet as of December 31,2016 and December 31,2017:

For the vertical analysis,what is the percentage of current assets as of December 31,2017? (Round your answer to two decimal places. )
A)30.77% 
B)22.84% 
C)29.61% 
D)44.44%

Quizplus · Accepted Answer

B)Vertical analysis % = (Specific item / Base amount)× 100
Vertical analysis % = ($165,000 + 195,000 / $1,170,000)× 100
Vertical analysis % = 30.77%

Brink Moving Company Reported the Following Amounts on Its Balance