Question: Marys Gift Store requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and shareholders

Mary€™s Gift Store 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.

Mary€™s Gift Store requested that you perform a vertical analysis

Mary's Gift Store Balance Sheet December 31,2014 ASSETS Total Current Assets LIABILITIES $120,000 155,000 275,000 $192,000 Total Current Liabilities Long-Term Investments 38,500 Long-Term Debt Total Liabilities Property, Plant, and Equipment, Net 330,500 SHAREHOLDERS' EQUITY Total Shareholders' Equity Total Liabilities and 286,000 Total Assets 51,000 Shareholders' Equity $561,000

Step by Step Solution

3.39 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

TotalCurrentLiabilities 120000 214 LongTermDebt 155000 276 TotalLiabilities 275... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

475-B-C-F-F-S (596).docx

120 KBs Word File

Students Have Also Explored These Related Corporate Finance Questions!