Using the balance sheets provided above for The Enchanted Forest Boutique, the amount that should be included in box L of the vertical analysis above is: Group of answer choices A. 100% B. 0% C. 4.41% D . 23.76% The Enchanted Forest Boutique Balance Sheets As of December 31, 2018 and December 31, 2019 Cash Accounts receivable Inventory Prepaid insurance Total current assets Equipment Less: Accumulated depreciation Net fixed assets Total assets Accounts payable Wages and payroll taxes payable Short-term portion of mortgage payable Total current liabilities Mortgage payable Total liabilities Owner's equity Total liabilities and owner's equity 2018 Minimize global navigation 19541 40,285 1.258 67,405 127,300 21,150 106,150 $173.555 $16.996 6,647 7,800 31,443 45.000 76,443 97,112 2019 $173,555 7555 20.145 39,552 1.313 68.565 131,300 23,150 108,150 $176,715 $ 17,113 7,916 7,800 32,829 37,200 70,029 106,686 $176,715 Vertical Analysis 2019 A B C D E F G H I J K L M N P Q R

Using the balance sheets provided above for The Enchanted Forest Boutique, the amount that should be included in box L of the vertical analysis above is: Group of answer choices A. 100% B. 0% C. 4.41% D . 23.76% The Enchanted Forest Boutique Balance Sheets As of December 31, 2018 and December 31, 2019 Cash Accounts receivable Inventory Prepaid insurance Total current assets Equipment Less: Accumulated depreciation Net fixed assets Total assets Accounts payable Wages and payroll taxes payable Short-term portion of mortgage payable Total current liabilities Mortgage payable Total liabilities Owner's equity Total liabilities and owner's equity 2018 Minimize global navigation 19541 40,285 1.258 67,405 127,300 21,150 106,150 $173.555 $16.996 6,647 7,800 31,443 45.000 76,443 97,112 2019 $173,555 7555 20.145 39,552 1.313 68.565 131,300 23,150 108,150 $176,715 $ 17,113 7,916 7,800 32,829 37,200 70,029 106,686 $176,715 Vertical Analysis 2019 A B C D E F G H I J K L M N P Q R

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 63BE: Asset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account...

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