Marys Gift Store requested that you perform a vertical analysis of its balance sheet to determine the
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Mary€™s Gift Store 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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Mary's Gift Store Balance Sheet December 31,2014 ASSETS Total Current Assets LIABILITIES $120,000 155,000 275,000 $192,000 Total Current Liabilities Long-Term Investments 38,500 Long-Term Debt Total Liabilities Property, Plant, and Equipment, Net 330,500 SHAREHOLDERS' EQUITY Total Shareholders' Equity Total Liabilities and 286,000 Total Assets 51,000 Shareholders' Equity $561,000
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TotalCurrentLiabilities 120000 214 LongTermDebt 155000 276 TotalLiabilities 275...View the full answer
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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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