Loris Boutique requested that you perform a vertical analysis of its balance sheet to determine the component
Question:
Lori€™s Boutique requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and shareholders€™ equity. Round to the nearest tenth of a percent.
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Lori's Boutique Balance Sheet December 31,2014 ASSETS LIABILITIES $108,000 Current Liabilities Current Assets Long-Term Investments Property, Plant, and 87,000 177.000 264,000 52,500 Long-Term Debt Total Liabilities Equipment, Net 325,500 SHAREHOLDERS' EQUITY Shareholders' Equity Liabilities and 222,000 Total Assets $486,000Shareholders' Equity $486,000
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Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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