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The correct answer is 2.5. jamble co. reports cash of $40,000, accounts receivable of $60,000, inventory of $150,000, equipment of $350,000, and current liabilities of $100,000
In the same financial period, a vertical analysis occurs when a single line item is compared to a base item. For instance, using total assets as the basis item, we may divide the inventory line on the balance sheet to determine the percentage of inventory. For instance, every number on an income statement is recalculated as a percentage of net sales as a consequence of the vertical analysis of an income statement. Net sales for a corporation of $2 million will be shown as 100% ($2 million divided by $2 million). The current ratio is one of the liquidity ratios. The current ratio takes into account assets and obligations that be settled within a year, and the greater this ratio, the more liquid the organization is.
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