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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 each
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 2023 Percent of Total Assets Total Current Assets $ 25,000 % $ 66,600 % Property, Plant, and Equipment, Net % % 153,600 21,400 168,720 60,680 Other Assets % % $ 200,000 $ 296,000 Total Assets % % Liabilities Total Current Liabilities $ % $ % 27,600 72,400 45,880 204,536 Long-term Debt % % Total Liabilities 100,000 % 250,416 % Stockholders' Equity Total Stockholders' Equity 100,000 45,584 % % $ 200,000 $ 296,000 Total Liabilities and Stockholders' Equity % Data Table Gamma Designs, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Assets $ 25,000 $ 66,600 Total Current Assets Property, Plant, and Equipment, Net 153,600 21,400 168,720 60,680 Other Assets $ 200,000 $ 296,000 Total Assets Liabilities $ 27,600 $ 72,400 45,880 204,536 Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity 100,000 250,416 100,000 45,584 $ 200,000 $ 296,000 Total Liabilities and Stockholders' Equity
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