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10. Use the balance sheet below and complete the Percent of Total column to perform a Vertical Analysis. Round your answers to one decimal place
10. Use the balance sheet below and complete the Percent of Total column to perform a Vertical Analysis. Round your answers to one decimal place if rounding is needed. (20 Points)
Hedwig & Errol Inc. Balance Sheet December 31, 2016 2016 Percent of Total $ Assets Total Current Assets Property, Plant, and Equipment, net Other Assets Total Assets 25,000 42,000 18,000 85,000 | $ $ Liabilities Total Current Liabilities Long-term Debt Total Liabilities 5,500 13,500 19,000 $ Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ | $ 66,000 85,000
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