Kims Painting, Inc., requested that you perform a vertical analysis of its balance sheet to determine the

Kim’s Painting, Inc., requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and stockholders’ equity. Round to the nearest tenth of apercent.

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Kim's Painting Balance Sheet December 31, 2012 ASSETS LIABILITIES Total Current Assets Long-Term Investments Property, Plant, and Equipment, Net S125,000 Total Current Liabilities S 95,000 180,000 275,000 55,000 Long-Term Debt Total Liabilities 340,000 STOCKHOLDERS' EQUITY Total Stockholders' Equity Total Liabilities and 245,000 Total Assets 520,000 Stockholders' Equity $520,000