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Business, 08.02.2021 22:50 Magree5321
24) Empire Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017: 2017 2016 Cash and Receivables $105,000 $85,000 Merchandise Inventory 135,000 180,000 Property, Plant and Equipment, net 770,000 790,000 Total Assets $1,010,000 $1,055,000 Total Liabilities $435,000 $445,000 For the vertical analysis, what is the percentage of total liabilities for December 31, 2016? (Round your answer to two decimal places.) A) 100.00% B) 42.18% C) 43.07% D) 19.10%
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