Question

Beta Golf Company's balance sheet at December 31, 2018 is as follows: (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Beta Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity (Round the percentages to the nearest hundredth percent, X.XX%.) Beta Golf Company Vertical Analysis of Balance Sheet December 31, 2018 Amount % of total Assets Total current assets % 44,100 Property, plant, and equipment, net % 213,600 42,300 Other assets % 300,000 Total assets % Liabilities Total current liabilities 48,300 % 113,100 Long-term debt % Total liabilities 161,400 % Stockholders' Equity 138,600 Total stockholders' equity % $ 300,000 Total liabilities and stockholders' equity %

Answer 1

Beta Golf Company
Vertical analysis of balance sheet
December 31,2018
	Amount	%of total
Assets
Total Current assets	$      44,100.00	14.70%	$44100/$300000
property plant , equipment	$ 2,13,600.00	71.20%	$213600/$300000
other assets	$      42,300.00	14.10%	$42300/$300000
Total assets	$ 3,00,000.00	100%
Liabilities
Total current liabilities	$      48,300.00	16.10%	$48300/$300000
Long term debt	$ 1,13,100.00	37.70%	$113100/$300000
Total Liabilities	$ 1,61,400.00	53.80%	$161400/$300000
Stockholders equity
Total stockholders equity	$ 1,38,600.00	46.20%	$138600/$300000
Total liabilities and stockholders equity	$ 3,00,000.00	100%