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(b) Prepare a vertical analysis of the balance sheet data for Larkspur for 2017. LARKSPUR, INC. Condensed Balance Sheet May 31, 2017 $ (in millions)

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(b) Prepare a vertical analysis of the balance sheet data for Larkspur for 2017. LARKSPUR, INC. Condensed Balance Sheet May 31, 2017 $ (in millions) Percent Assets Current Assets $9,640 % Property, plant, and equipment (net) 2,010 15 % Other assets 1,450 11 % Total assets $13,100 100 se Liabilities and Stockholders' Equity Current Liabilities $3,250 25 % Long-term Liabilities 1,290 10 % Stockholders' equity 8,560 65 de Total liabilities and stockholders' equity $13,100 100 %

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