Simpson Painting, Inc., requested that you perform a vertical analysis of its balance sheet to determine the
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Simpson Painting, Inc., requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and stockholders? equity. Round to the nearest tenth of a percent.
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Simpson Painting, Inc. Balance Sheet December 31, 2018 ASSETS LIABILITIES $161,000 Total Current Assets Total Current Liabilities $110,000 Long-Term Investments Property, Plant, and Equipment, Net Long-Term Debt 36,500 162,000 Total Liabilities 272,000 201,500 STOCKHOLDERS' EQUITY Total Stockholders' Equity 127,000 Total Liabilities and $399,000 Stockholders' Equity $399,000 Total Assets
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