Question: Gamma Designs, Inc. has the following data: LOADING... (Click the icon to view the data.) Perform a vertical analysis of Gamma Designs's balance sheet for
Gamma
Designs, Inc. has the following data:
LOADING...
(Click
the icon to view the data.)
Perform a vertical analysis of
Gamma
Designs's balance sheet for each year.
Begin by performing a vertical analysis of
Gamma
Designs's balance sheet for
20162016,
then perform the analysis for
20152015.
(Round the percent of total amounts to one decimal place, X.X%.)
| Gamma Designs, Inc. | ||||||||||
| Balance Sheet | ||||||||||
| December 31, 2016 and 2015 | ||||||||||
|
| 2016 | Percent of Total |
| |||||||
| Assets |
|
|
|
| ||||||
| Total Current Assets | $46,494 |
| % |
| ||||||
| Property, Plant, and Equipment, Net | 215,824 |
| % |
| ||||||
| Other Assets | 24,682 |
| % |
| ||||||
| Total Assets | $287,000 |
| % |
| ||||||
| Liabilities |
|
|
|
| ||||||
| Total Current Liabilities | $48,216 |
| % |
| ||||||
| Long-term Debt | 101,885 |
| % |
| ||||||
| Total Liabilities | 150,101 |
| % |
| ||||||
| Stockholders' Equity |
|
|
|
| ||||||
| Total Stockholders' Equity | 136,899 |
| % |
| ||||||
| Total Liabilities and Stockholders' Equity | $287,000 |
| % |
| ||||||
|
| Gamma Designs, Inc. |
| ||||||||
|
| Comparative Balance Sheet |
| ||||||||
|
| December 31, 2016 and 2015 |
| ||||||||
|
|
|
|
| 2016 | 2015 |
| ||||
|
|
|
| Assets |
|
|
| ||||
|
|
|
| Total Current Assets | $46,494 | $42,770 |
| ||||
|
|
|
| Property, Plant, and Equipment, Net | 215,824 | 105,560 |
| ||||
|
|
|
| Other Assets | 24,682 | 33,670 |
| ||||
|
|
|
| Total Assets | $287,000 | $182,000 |
| ||||
|
|
|
| Liabilities |
|
|
| ||||
|
|
|
| Total Current Liabilities | $48,216 | $29,484 |
| ||||
|
|
|
| Long-term Debt | 101,885 | 126,490 |
| ||||
|
|
|
| Total Liabilities | 150,101 | 155,974 |
| ||||
|
|
|
| Stockholders' Equity |
|
|
| ||||
|
|
|
| Total Stockholders' Equity | 136,899 | 26,026 |
| ||||
|
|
|
| Total Liabilities and Stockholders' Equity | $287,000 | $182,000 |
| ||||
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