Prepare vertical analysis (LO12-1) Perform a vertical analysis on the following information.
2021 2020
Amount % Amount %
Cash $420,000 $1,050,000
Accounts receivable 660,000 300,000
Inventory 1,020,000 925,000
Long-term assets 3,900,000 2,725,000
Total assets $6,000,000 $5,000,000

Cash

2021= 7%

2020 =21%

Accounts Receivable

2021 =11%

2020 =6%

Inventory

2021= 17%

2020= 18.5%

Long-term assets

2021=65%

2020=54.5%

Total assets

2021=100%

2020=100%

Explanation:

Preparation of vertical analysis

Using this formula

Vertical analysisPercentage = Asset / Total Assets

Let plug in the formula

Cash 2021 and 2020

2021= $420,000 / $6,000,000 x 100

2021= 7%

2020= $1,050,000 / $5,000,000 x 100

2020= 21%

Accounts Receivable 2021 and 2020

2021=660,000/$6,000,000 x 100

2021=11%

2020=300,000 / $5,000,000 x 100

2020=6%

Inventory for 2021 and 2020

2021=1,020,000/$6,000,000 x 100

2021=17%

2020=925,000/ $5,000,000 x 100

2020=18.5%

Long-term assetsfor 2021 and 2020

2021=3,900,000/$6,000,000 x 100

2021=65%

2020=2,725,000/ $5,000,000 x 100

2020=54.5%

Total assetsfor 2021 and 2020

2021=6,000,000/$6,000,000 x 100

2021=100%

2020=5,000,000/ $5,000,000 x 100

2020=100%

VERTICAL ANALYSIS

2021 2020

Cash4200007%1050000 21%

Accounts Receivable

660,00011%300,0006%

Inventory

1,020,00017%925,00018.5%

Long-term assets

3,900,00065%2,725,00054.5%

Total assets

6,000,000100%5,000,000100%

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'