Question
Kappa Designs, Inc. has the following data: (Click the icon to view the data.) Perform a vertical analysis of Kappa Designs' balance sheet for each
Kappa Designs, Inc. has the following data: (Click the icon to view the data.) Perform a vertical analysis of Kappa Designs' balance sheet for each year. Balance Sheet December 31, 2024 and 2023 2024 Percent of Total 2023 Percent of Total Assets Total Current Assets $ 25,000 12.5 % $ 73,440 % Property, Plant, and Equipment, Net 153,600 76.8 % 168,300 % 21,400 10.7 Other Assets % 64,260 % $ 200,000 100.0 $ 306,000 Total Assets % % Liabilities Total Current Liabilities $ 27,600 13.8 % $ 49,266 % 72,400 36.2 208,998. Long-term Debt % % Total Liabilities 100,000 50.0 % 258,264 % Stockholders' Equity 100,000 50.0 47,736 Total Stockholders' Equity % % 200,000 100.0 $ 306,000 Total Liabilities and Stockholders' Equity % % Enter any number in the edit fields and then click Check Answer. * saute chowing Clear All Che ow ata app i Data Table Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 - Assets Total Current Assets $ 25,000 $ 73,440 Property, Plant, and Equipment, Net 153,600 168,300 N 21,400 64,260 Other Assets $ 200,000 $ 306,000 Total Assets Liabilities Total Current Liabilities $ 27,600 $ 49,266 72,400 208,998 Long-term Debt Total Liabilities 100,000 258,264 Stockholders' Equity Total Stockholders' Equity 100,000 47,736 $ 200,000 $ 306,000 Total Liabilities and Stockholders' Equity eld Print Done
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