melissacantrell
melissacantrell melissacantrell
  • 25-07-2017
  • Business
contestada

If total assets are $6,000, what is the vertical analysis for Cash when it has a balance of $2,400? A. 40% B. 60% C. 250% D. 25%

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HomertheGenius
HomertheGenius HomertheGenius
  • 05-08-2017
In a vertical analysis:
Percentage of Base = (Amount of individual item) /(Amount of Base)  x  100
Percentage of  Base = $6,000 / $2,400  x  100 =
= 0.4 x 100 = 40%
Answer:
A. 40%
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