VanKlief Golf Company has requested that you perform a vertical analysis of its balance sheet to determine
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A1 VanKlief Golf Company Balance Sheet December 31, 2014 Assets 3 Total current assets 65,000 199,000 37,000 301,000 Property, plant, and equipment, net 5 Other assets Total assets 7 Liabilities 51,000 102,000 153,000 Total current liabilities 10 Long-term debt 11 Total liabilities 12 13 Stockholders' Equity 1Total stockholders' equity 15 Total liabilities and stockholders' equi 148,000 301,000
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Related Book For
Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
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