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Fairway Golf Company's balance sheet at December 31, 2018 is as followsEEB (Click the icon to view the balance sheet.)Requirement1.Perform a vertical analysis of Fairway Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equityRound the percentages to the nearest hundredth percent, XXX%.Fairway Golf CompanyVertical Analysis of Balance SheetDecember 31, 2018Amount% of totalData TableAssetsotal current assetsProperty, plant, and equipment, netOther assetsTotal assets$47,680229,76042,560$ 320,000Fairway Golf CompanyBalance SheetDecember 31, 2018AssetsLiabilitiesTotal current liabilitiesLong-term debtTotal liabilities$ 52,480121,280173,760Total current assetsProperty, plant, and equipment, netOther assetsTotal assets$ 47,680229,76042,560$ 320,000Stockholders' EquityLiabilitiesTotal stockholders' equity146,240$ 52,480121,280Total current liabilitiesLong-term debtTotal liabilitiesTotal liabilities and stockholders' equity$ 320,000173,760Stockholders' Equity146,240Total stockholders' equity$ 320,000Total liabilities and stockholders' equityPrintDoneEnter any number in the edit fields and then click Check Answer.

Question

Answer all questions and make sure they're correct. Ch.12-4

Fairway Golf Company's balance sheet at December 31, 2018 is as follows
EEB (Click the icon to view the balance sheet.)
Requirement
1.
Perform a vertical analysis of Fairway Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity
Round the percentages to the nearest hundredth percent, XXX%.
Fairway Golf Company
Vertical Analysis of Balance Sheet
December 31, 2018
Amount
% of total
Data Table
Assets
otal current assets
Property, plant, and equipment, net
Other assets
Total assets
$47,680
229,760
42,560
$ 320,000
Fairway Golf Company
Balance Sheet
December 31, 2018
Assets
Liabilities
Total current liabilities
Long-term debt
Total liabilities
$ 52,480
121,280
173,760
Total current assets
Property, plant, and equipment, net
Other assets
Total assets
$ 47,680
229,760
42,560
$ 320,000
Stockholders' Equity
Liabilities
Total stockholders' equity
146,240
$ 52,480
121,280
Total current liabilities
Long-term debt
Total liabilities
Total liabilities and stockholders' equity
$ 320,000
173,760
Stockholders' Equity
146,240
Total stockholders' equity
$ 320,000
Total liabilities and stockholders' equity
Print
Done
Enter any number in the edit fields and then click Check Answer.
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Fairway Golf Company's balance sheet at December 31, 2018 is as follows EEB (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Fairway Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity Round the percentages to the nearest hundredth percent, XXX%. Fairway Golf Company Vertical Analysis of Balance Sheet December 31, 2018 Amount % of total Data Table Assets otal current assets Property, plant, and equipment, net Other assets Total assets $47,680 229,760 42,560 $ 320,000 Fairway Golf Company Balance Sheet December 31, 2018 Assets Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 173,760 Total current assets Property, plant, and equipment, net Other assets Total assets $ 47,680 229,760 42,560 $ 320,000 Stockholders' Equity Liabilities Total stockholders' equity 146,240 $ 52,480 121,280 Total current liabilities Long-term debt Total liabilities Total liabilities and stockholders' equity $ 320,000 173,760 Stockholders' Equity 146,240 Total stockholders' equity $ 320,000 Total liabilities and stockholders' equity Print Done Enter any number in the edit fields and then click Check Answer.

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