comparative balance sheet

Complete the vertical analyses on the comparative balance sheet for Miss Muffins’ Bakery for 2012. (Use parentheses to indicate decreases.)
Exercise
Prepare a balance sheet for Miss Muffins’ Bakery for December 31, 2012. The company assets are: cash, $1,985; accounts receivable, $4,219; merchandise inventory, $2,512. The liabilities are: accounts payable, $3,483; wages payable, $1,696. The owner’s capital is $3,537.

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