Prepare a vertical analysis for Carson Corporation’s balance sheet to determine the component percentages of its assets, liabilities, and stockholders’ equity. Round percentages to the nearest one-hundredth percent. Carson Corporation Balance Sheet as of December 31, 2020 Assets Total current assets $ 124,000 Long-term investments 351,000 Property, plant, and equipment, net 950,000 Total assets $1,425,000 Liabilities Total current liabilities $ 460,000 Long-term debt 230,000 Total liabilities $ 690,000 Stockholders’ equity Total stockholders’ equity $ 735,000 Total liabilities and stockholders’ equity $1,425,000
- Prepare a vertical analysis for Carson Corporation’s
balance sheet to determine the component percentages of its assets, liabilities, andstockholders’ equity . Round percentages to the nearest one-hundredth percent.
Carson Corporation
Balance Sheet as of
December 31, 2020
Assets
Total current assets $ 124,000
Long-term investments 351,000
Property, plant, and equipment, net 950,000
Total assets $1,425,000
Liabilities
Total current liabilities $ 460,000
Long-term debt 230,000
Total liabilities $ 690,000
Stockholders’ equity
Total stockholders’ equity $ 735,000
Total liabilities and stockholders’ equity $1,425,000
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