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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melissacantrell melissacantrell

25-07-2017
Business

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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 · Answer 1 · 2017-08-05T14:25:30+02:00

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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