Question
Kappa ?Designs, Inc. has the following? data: ?? Kappa Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Total Current Assets
Kappa ?Designs, Inc. has the following? data:??
Kappa Designs, Inc.
Comparative Balance Sheet
December 31, 2018 and 2017
2018
2017
Assets
Total Current Assets
$43,452
$64,460
Property, Plant, and Equipment, Net
210,444
146,500
Other Assets
30,104
82,040
Total Assets
$284,000
$293,000
Liabilities
Total Current Liabilities
$46,860
$44,536
Long-term Debt
108,204
200,705
Total Liabilities
155,064
245,241
Stockholders' Equity
Total Stockholders' Equity
128,936
47,759
Total Liabilities and Stockholders' Equity
$284,000
$293,000
Perform a vertical analysis of Kappa ?Designs' balance sheet for each year.
Begin by performing a vertical analysis of Kappa ?Designs' balance sheet for 2018?, then perform the analysis for 2017. ?(Round the percent of total amounts to one decimal? place, X.X%.)
Kappa Designs, Inc.
Balance Sheet
December 31, 2018 and 2017
2018 Percent of Total
Assets
Total Current Assets $43,452 ___________%
Property, Plant, and Equipment, Net 210,444___________ %
Other Assets 30,104___________ %
Total Assets $284,000__________ %
Liabilities
Total Current Liabilities $46,860_________ %
Long-term Debt 108,204 ___________%
Total Liabilities 155,064____________ %
Stockholders' Equity
Total Stockholders' Equity 128,936________ %
Total Liabilities and Stockholders' Equity $284,000___________ %
2017 Percent of Total
$64,460___________ %
146,500 ___________%
82,040 ____________%
$293,000 _________%
$44,536_________ %
200,705 __________%
245,241___________ %
47,759___________ %
$293,000__________ %
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