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Gamma Designs, Inc. has the following data: (Click the icon to view the data) Perform a vertical analysis of Gamma Designs' balance sheet for
Gamma Designs, Inc. has the following data: (Click the icon to view the data) Perform a vertical analysis of Gamma Designs' balance sheet for each year. Begin by performing a vertical analysis of Gamma Designs' balance sheet for 2024, then perform the analysis for 2023. (Round the percent of total amounts to one decimal place, X.X%) Gamma Designs, Inc. Balance Sheet December 31, 2024 and 2023 2024 Percent of Total Data table Assets Total Current Assets $ 42.750 % Property, Plant, and Equipment, Net 208,335 Gamma Designs, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 33,915 Other Assets Assets. $ 285,000 Total Assets Total Current Assets $ 42,750 $ 77,500 Liabilities Property, Plant, and Equipment, Net 208,335 179,800 Total Current Liabilities $ 49.020 33,915 52.700 Other Assets Long-term Debt 109,155 S 285,000 $ 310,000 Total Assets Total Liabilities 158,175 % Stockholders' Equity 126,825 Total Stockholders' Equity $ 285,000 Total Liabilities and Stockholders' Equity Liabilities Total Current Liabilities S 49,020 $ 52,000 Long-term Debt 109,155 207,700 Total Liabilities 158,175 259,780 Stockholders' Equity Total Stockholders' Equity 120.825 50,220 $ 285,000 $ 310,000 Total Liabilities and Stockholders' Equity)
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