Cobra Golf Limited has requested that you perform a vertical analysis of its balance sheet to determine
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Cobra Golf Limited
Balance Sheet
As at December 31, 2017
Assets
Total current assets
Property, plant, and equipment, net .................................... $92,000
Other assets ............................................................... 247,000
Total assets ................................................................. 35,000
............................................................................ $374,000
Liabilities
Total current liabilities ................................................$ 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
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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