Simpson Painting, Inc., requested that you perform a vertical analysis of its balance sheet to determine the
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Simpson 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 a percent.
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Simpson Painting, Inc. Balance Sheet December 31, 2016 LIABILITIES ASSETS Total Current Assets $161,000 Total Current Liabilities $110,000 162,000 272,000 Long-Term Investments Property, Plant, and Equipment, Net 36,500 Long-Term Debt Total Liabilities 201,500 STOCKHOLDERS' EQUITY Total Stockholders' Equity Total Liabilities and Stockholders' Equity 127,000 $399,000 Total Assets $399,000
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