Sumanishi Corp. has requested that you perform a vertical analysis of its balance sheet. Determine the component
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Determine the component percentages of its assets, liabilities, and shareholders' equity.
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SUMANISHI CORP Balance Sheet December 31, 2014 $109,000 267,000 Total current assets Property, plant, and equipment, net Other assets Total assets Liabilities Total current liabilities Long-term debt Total liabilities Shareholders' Equity Total shareholders Total liabilities and shareholders' equity $ 85,000 156,000 equity 175
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Related Book For
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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