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