In a comparative balance sheet, the Accounts Payable balance for 2019 was $189,330 and total liabilities and equity was $459,265. What is the vertical analysis for Accounts Payable? (Round your answer to two decimal places, X.XX%.)

A) 41.22%
B) (41.22%)
C) 58.78%
D) (58.78%)

41.22%Vertical analysis is performed by expressing each item in the financial statements as a percentage of a base amount. In this case, the base amount is the total liabilities and equity for 2019, which is $459,265. The Accounts Payable balance is $189,330. To find the vertical analysis percentage for Accounts Payable, divide $189,330 by $459,265 and multiply by 100. This calculation results in approximately 41.22%.