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Beta Golf Company's balance sheet at December 31, 2018 is as follows: (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical
Beta Golf Company's balance sheet at December 31, 2018 is as follows: (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Beta Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity. (Round the percentages to the nearest hundredth percent, X.XX%.) Beta Golf Company Balance Sheet December 31, 2018 Assets $ 44,100 Total current assets Property, plant, and equipment, net 213,600 42,300 Other assets $ 300,000 Total assets Liabilities Total current liabilities $ 48,300 113,100 Long-term debt Total liabilities 161,400 Stockholders' Equity Total stockholders' equity 138,600 $ 300,000 Total liabilities and stockholders' equity Vertical Analysis of Balance Sheet December 31, 2018 Amount % of total Assets Total current assets $ 44,100 % Property, plant, and equipment, net % 213,600 42,300 Other assets $ 300,000 Total assets Liabilities Total current liabilities % 48,300 113,100 Long-term debt % Total liabilities 161,400 % Stockholders' Equity Total stockholders' equity 138,600 % 300,000 Total liabilities and stockholders' equity %
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