Cobra Golf Limited has requested that you perform a vertical analysis of its balance sheet to determine

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Cobra Golf Limited has requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and shareholders' equity.
Cobra Golf Limited
Balance Sheet
As at December 31, 2014
Assets
Total current assets.................................................................................................. $ 92,000
Property, plant, and equipment, net......................................................................... 247,000
Other assets................................................................................................................ 35,000
Total assets ............................................................................................................ $374,000
Liabilities
Total current liabilities............................................................................................. $ 48,000
Long-term debt......................................................................................................... 108,000
Total liabilities.......................................................................................................... 156,000
Shareholders' Equity
Total shareholders' equity......................................................................................... 218,000
Total liabilities and shareholders' equity................................................................ $374,000
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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