Gails nursing school 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.

Data table:

Gail's Nursing School, Inc.

Balance Sheet

December 31, 2018

Assets

Liabilities

Total current assets

$144,000

Total current liabilities

$110,000

Long-term investments

39,500

Long-term debt

108,000

Property, plant, and equipment, net

199,500

Total liabilities

218,000

Stockholders' Equity

Total stockholders' equity

165,000

Total assets

$383,000

Total liabilities and stockholders' equity

$383,000

Current Year Previous Year ent rati Balance Sheet Cash $ 25,000 $ = = 33,000 Short-term investments 16,000 27,000 wo del Accounts receivables, net 55,000 . 74,000 Inventory 55,000 51,000 urrent Prepaid expenses 5,000 13,000 55 Total current assets 156,000 198,000 d any tions.) Accounts payable 41,000 38,000 Total current liabilities 95,000 89,000 Income Statement Net sales $ 464,000 Cost of goods sold 370,000 55,000 Net income