Delta Designs, Inc. has the following data: E(Click the icon to view the data.) Perform a...
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Delta Designs, Inc. has the following data: E(Click the icon to view the data.) Perform a vertical analysis of Delta Designs's balance sheet for each year. Begin by performing a vertical analysis of Delta Designs's balance sheet for 2016, then perform the analysis for 2015. (Round the percent of total amounts to one decimal place, X.X%.) Delta Designs, Inc. Balance Sheet December 31, 2016 and 2015 2016 Percent of Total 2015 Percent of Total Assets Total Current Assets %24 25,000 % $ 77,500 % Property, Plant, and Equipment, Net 153,600 % 179,800 % 21,400 52,700 Other Assets % %24 200,000 2$ 310,000 Total Assets Liabilities Total Current Liabilities 2$ 27,600 % $ 52,080 % 72,400 207,700 Long-term Debt Total Liabilities 100,000 % 259,780 Stockholders' Equity 100,000 50,220 Total Stockholders' Equity 200,000 24 310,000 Total Liabilities and Stockholders' Equity Delta Designs, Inc. Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets 2$ 25,000 $ 77,500 Property, Plant, and Equipment, Net 153,600 179,800 21,400 52,700 Other Assets $ 200,000 $ 310,000 Total Assets Liabilities Total Current Liabilities $ 27,600 $ 52,080 72,400 207,700 Long-term Debt Total Liabilities 100,000 259,780 Stockholders' Equity Total Stockholders' Equity 100,000 50,220 $ 200,000 $ 310,000 Total Liabilities and Stockholders' Equity Delta Designs, Inc. has the following data: E(Click the icon to view the data.) Perform a vertical analysis of Delta Designs's balance sheet for each year. Begin by performing a vertical analysis of Delta Designs's balance sheet for 2016, then perform the analysis for 2015. (Round the percent of total amounts to one decimal place, X.X%.) Delta Designs, Inc. Balance Sheet December 31, 2016 and 2015 2016 Percent of Total 2015 Percent of Total Assets Total Current Assets %24 25,000 % $ 77,500 % Property, Plant, and Equipment, Net 153,600 % 179,800 % 21,400 52,700 Other Assets % %24 200,000 2$ 310,000 Total Assets Liabilities Total Current Liabilities 2$ 27,600 % $ 52,080 % 72,400 207,700 Long-term Debt Total Liabilities 100,000 % 259,780 Stockholders' Equity 100,000 50,220 Total Stockholders' Equity 200,000 24 310,000 Total Liabilities and Stockholders' Equity Delta Designs, Inc. Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets 2$ 25,000 $ 77,500 Property, Plant, and Equipment, Net 153,600 179,800 21,400 52,700 Other Assets $ 200,000 $ 310,000 Total Assets Liabilities Total Current Liabilities $ 27,600 $ 52,080 72,400 207,700 Long-term Debt Total Liabilities 100,000 259,780 Stockholders' Equity Total Stockholders' Equity 100,000 50,220 $ 200,000 $ 310,000 Total Liabilities and Stockholders' Equity
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Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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