
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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