# 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: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...
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