Question: Purposeful Products Inc. has requested that you perform a vertical analysis of its balance sheet. Determine the component percentages of its assets, liabilities, and shareholders'
Purposeful Products Inc. has requested that you perform a vertical analysis of its balance sheet. Determine the component percentages of its assets, liabilities, and shareholders' equity.
PURPOSEFUL PRODUCTS INC.
Balance Sheet
December 31, 2017
Assets
Total current assets ………........…………………… 0219,000
Property, plant, and equipment, net …………. 267,000
Other assets ……………………..............…………….. 40,000
Total assets ……………………………...........……… $526,000
Liabilities
Total current liabilities ………………….....…….. $85,000
Long-term debt ……………………………........…. 156,000
Total liabilities ………………………........………. 241,000
Shareholders’ Equity
Total shareholders’ equity …………….......……… 285,000
Total liabilities and shareholders’ equity ….... $526,000
Step by Step Solution
3.42 Rating (174 Votes )
There are 3 Steps involved in it
Purposeful Products Inc Vertical Analysis of Balance Sheet December 31 2017 AMOUNT PERCENT ASSETS ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1235-B-C-A-C-P-A(2783).docx
120 KBs Word File
Study Help