Question: At the end of the current year Holden Company had
At the end of the current year, Holden Company had current assets of $12,000, property and equipment (net) of $84,000, and total assets of $96,000. It had current liabilities of $6,000, bonds payable of $25,000, capital stock of $20,000 and retained earnings of $45,000. Prepare a vertical analysis of Holden Company’s balance sheet.
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