Kims Painting, Inc., requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and stockholders

Kim’s 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 apercent.

Kim's Painting Balance Sheet December 31, 2012 ASSETS LIABILITIES Total Current Assets Long-Term Investments Property, Plant, and Equipment, Net S125,000 Total Current Liabilities S 95,000 180,000 275,000 55,000 Long-Term Debt Total Liabilities 340,000 STOCKHOLDERS' EQUITY Total Stockholders' Equity Total Liabilities and 245,000 Total Assets 520,000 Stockholders' Equity $520,000