Question: Purposeful Products Inc. has requested that you perform a vertical analysis of its balance sheet Determine the component percentages of its assots, latilities, and shareholders'

 Purposeful Products Inc. has requested that you perform a vertical analysis

Purposeful Products Inc. has requested that you perform a vertical analysis of its balance sheet Determine the component percentages of its assots, latilities, and shareholders' equity (Click the icon to view the balance sheet) Purposeful Products Inc. Data Table - X Vertical Analysis of Balance Sheet December 31, 2020 Purposeful Products Inc. Percent Balance Sheet Amount of Total December 31, 2020 Assets Assets Total current assets $ 219.000 Total current assets $ 1,000 Property, plant, and equipment, net 267,000 Property, plant, and equipment, net 267,000 Other assets 40,000 40,000 Other assets S 526,000 Total assets $ Total assets 526,000 Liabilities Liabilities Total current liabilities $ 85.000 Total current liabilities $ 85,000 Long-term debt 156.000 Long-term debt 156,000 Total liabilities 241.000 Total abilities 241,000 Shareholders' Equity Shareholders' Equity Total shareholders' equity 285.000 Total shareholders' equity 285 000 $ 526.000 Total liabilities and shareholders' equity Total liabilities and shareholders equity 526000 Enter any number in the edit fields and then continue to the next question Print Done

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