Marys Gift Store requested that you perform a vertical analysis of its balance sheet to determine the
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Mary’s Gift Store 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 a percent.
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ASSETS Total Current Assets Long-Term Investments Property, Plant, and Equipment, Net Total Assets Mary's Gift Store Balance Sheet December 31, 2010 LIABILITIES $192,000 Total Current Liabilities $120,000 38,500 Long-Term Debt 155,000 Total Liabilities 275,000 330,500 STOCKHOLDERS' EQUITY Total Stockholders' Equity 286,000 Total Liabilities and $561,000 Stockholders' Equity $561,000
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