Vision, Inc.'s comparative balance sheets follow. Vision, Inc. Comparative Balance Sheets December 31, 2014 and 2013 2014
Question:
Vision, Inc.'s comparative balance sheets follow. Vision, Inc. Comparative Balance Sheets December 31, 2014 and 2013
2014 2013
Assets Current assets $ 48,000 $ 40,000
Property, plant, and equipment (net) 260,000 200,000
Total assets $308,000 $240,000
Liabilities and Stockholders' Equity Current liabilities $ 36,000 $ 44,000
Long-term liabilities 180,000 120,000
Stockholders' equity 92,000 76,000
Total liabilities and stockholders' equity $308,000 $240,000
Hide Express the comparative balance sheets of Vision, Inc., (shown above) as common-size statements. Round computations to one decimal place. Do not include the "%" sign when entering your answer.
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield