Mary lynn corporation has been operating for many years

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Mary Lynn Corporation has been operating for several years. Selected data from the 20X1 and 20X2 financial statements follow.

20X2		20X1
Current Assets	$86,000		$80,000
Property, Plant, and Equipment (net)	99,000		80,000
Intangibles	25,000		50,000
Current Liabilities	40,800		48,000
Long-Term Liabilities	153,000		150,000
Stockholders' Equity	16,200		12,000
Net Sales	500,000		500,000
Cost of Goods Sold	322,500		350,000
Operating Expenses	93,500		85,000

a. Prepare a vertical analysis for 20X1 and 20X2. Briefly comment on the results of your work.

Reference no: EM13388117

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