Kapow, Inc provides the following
Kapow, Inc
Comparative Balance Sheet
December 31, 2017 and 2016
2017 2016
Assets
Total Current Assets $200,000 $100,000
Property, Plant, and Equipment, Net 550,000 500,000
Other Assets 50,000 50,000
Total Assets $800,000 $650,000
Liabilities
Total Current Liabilities $150,000 $100,000
Long-term Liabilities 350,000 250,000
Total Liabilities 500,000 350,000
Stockholders' Equity
Total Stockholders' Equity 300,000 300,000
Total Liabilities and Stockholders' Equity $800,000 $650,000
Perform a vertical analysis of Kapow's balance sheet for each year. (Round to one decimal place.)
What will be an ideal response
Comparative Balance Sheet—Vertical Analysis:
Kapow, Inc.
Comparative Balance Sheet
December 31, 2017 and 2016
Percent of Percent of
2017 Total 2016 Total
Assets
Total Current Assets $200,000 25.0 $100,000 15.4
Property, Plant, and
Equipment, Net 550,000 68.8 500,000 76.9
Other Assets 50,000 6.3 50,000 7.7
Total Assets $800,000 100.0 $650,000 100.0
Liabilities
Total Current Liabilities $150,000 18.8 $100,000 15.4
Long-term Liabilities 350,000 43.8 250,000 38.5
Total Liabilities 500,000 62.5 350,000 53.8
Stockholders' Equity
Total Stockholders' Equity 300,000 37.5 300,000 46.2
Total Liabilities and
Stockholders' Equity $800,000 100.0 $650,000 100.0
You might also like to view...
When projecting future cash flows of an investment ________.
A) cash flows include depreciation B) cash inflows and outflows are treated separately, rather than being netted together C) cash flows are projected by accounting personnel without considering input from other departments D) the initial investment is a significant cash outflow that is treated separately from all other cash flows
Why are international managers interested in age distribution studies?
What will be an ideal response?
Career recycling is limited to older employees nearing retirement.
Answer the following statement true (T) or false (F)
Which sentence uses correct capitalization?
A) For emergencies I keep Q-tip Swabs and Ace Bandages in my glove compartment. B) For emergencies I keep q-tip swabs and ace bandages in my glove compartment. C) For emergencies I keep Q-tip swabs and Ace bandages in my glove compartment.