Fairway Golf Company's balance sheet at December 31, 2018 is as follows EEB (Click the icon to view the balance sheet.) Requirement 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 Data Table Amount % of total Fairway Golf Company Balance Sheet December 31, 2018 Assets otal current assets Property, plant, and equipment, net Other assets Total assets $47,680 229,760 42,560 $ 320,000 Assets Total current assets Property, plant, and equipment, net Other assets Total assets $ 47,680 229,760 42,560 $ 320,000 Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 173,760 Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 Stockholders' Equity Total stockholders' equity 146,240 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
Fairway Golf Company's balance sheet at December 31, 2018 is as follows EEB (Click the icon to view the balance sheet.) Requirement 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 Data Table Amount % of total Fairway Golf Company Balance Sheet December 31, 2018 Assets otal current assets Property, plant, and equipment, net Other assets Total assets $47,680 229,760 42,560 $ 320,000 Assets Total current assets Property, plant, and equipment, net Other assets Total assets $ 47,680 229,760 42,560 $ 320,000 Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 173,760 Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 Stockholders' Equity Total stockholders' equity 146,240 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
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4E
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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
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
Data Table
Amount
% of total
Fairway Golf Company
Balance Sheet
December 31, 2018
Assets
otal current assets
Property, plant, and equipment, net
Other assets
Total assets
$47,680
229,760
42,560
$ 320,000
Assets
Total current assets
Property, plant, and equipment, net
Other assets
Total assets
$ 47,680
229,760
42,560
$ 320,000
Liabilities
Total current liabilities
Long-term debt
Total liabilities
$ 52,480
121,280
173,760
Liabilities
Total current liabilities
Long-term debt
Total liabilities
$ 52,480
121,280
Stockholders' Equity
Total stockholders' equity
146,240
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F446a5f4a-b020-4c42-ab4c-bded8bb790b5%2F6d49d069-7c85-478e-ae6d-56173178825a%2F90ycpu.png&w=3840&q=75)
Transcribed Image Text:Fairway Golf Company's balance sheet at December 31, 2018 is as follows
EEB (Click the icon to view the balance sheet.)
Requirement
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
Data Table
Amount
% of total
Fairway Golf Company
Balance Sheet
December 31, 2018
Assets
otal current assets
Property, plant, and equipment, net
Other assets
Total assets
$47,680
229,760
42,560
$ 320,000
Assets
Total current assets
Property, plant, and equipment, net
Other assets
Total assets
$ 47,680
229,760
42,560
$ 320,000
Liabilities
Total current liabilities
Long-term debt
Total liabilities
$ 52,480
121,280
173,760
Liabilities
Total current liabilities
Long-term debt
Total liabilities
$ 52,480
121,280
Stockholders' Equity
Total stockholders' equity
146,240
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
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