Question: Loris Boutique requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and shareholders equity.

Lori€™s Boutique requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and shareholders€™ equity. Round to the nearest tenth of a percent.

Lori's Boutique Balance Sheet December 31,2014 ASSETS LIABILITIES $108,000 Current Liabilities Current Assets Long-Term Investments Property, Plant, and 87,000 177.000 264,000 52,500 Long-Term Debt Total Liabilities Equipment, Net 325,500 SHAREHOLDERS' EQUITY Shareholders' Equity Liabilities and 222,000 Total Assets $486,000Shareholders' Equity $486,000

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