Business, 09.04.2020 16:47 WarriorWolf3773

The accountant at ABC Water Company has been asked to perform a vertical analysis of the company's debts relative to their revenue. In 2015, ABC had $375,421 in revenue and $70,332 in debts; in 2016, they had $437,879 in revenue and $90,765 in debts. Using this information, calculate what percentage of their revenue in 2016 was debt, and how much it had increased from 2015?

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