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6 (6 Points) Assets Cash Long-term Investments in Stocks Property, Plant, and Equipment Total Assets Salaries Payable Notes Payable Total Liabilities Liabilities Stockholders' Equity Total
6 (6 Points) Assets Cash Long-term Investments in Stocks Property, Plant, and Equipment Total Assets Salaries Payable Notes Payable Total Liabilities Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities & Stockholders' Equity Stephanie Corporation Balance Sheet December 31, 2023 Required: a) Prepare a vertical analysis (common size) of the above balance sheet of Stephanie Corporation. (Round all percentages to one decimal place). b) Comment on the relationship of the line item percentages on the balance sheet. 3 $ $ $ 120,000 900,000 1,880,000 2,900,000 550,000 950,000 1,500,000 1,400,000 $ 2,900,000 (4 1/2 pts.) (1 1/2 pts.)
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