Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Perform a vertical analysis of Alpha Designs's balance sheet for each year. Balance Sheet December 31, 2016 and 2015 2016 Percent of Total 2015 Percent

image text in transcribedimage text in transcribed

Perform a vertical analysis of Alpha Designs's balance sheet for each year. Balance Sheet December 31, 2016 and 2015 2016 Percent of Total 2015 Percent of Total Assets Total Current Assets Property, Plant, and Equipment, Net % $ 24 205 25,000 153,600 21,400 71,205 169,680 62,115 303,000 Other Assets $ 200,000 $ % $ 27,600 72,400 Total Assets Liabilities Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity 48,480 210,282 258,762 100,000 100,000 200,000 44,238 303,000 $ upra Designs, C. Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 $ Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets 25,000 $ 153,600 21,400 200,000 $ 71,205 169,680 62,115 303,000 $ Total Assets Liabilities Total Current Liabilities $ 27,600 $ 72,400 48,480 210,282 Long-term Debt Total Liabilities Stockholders' Equity 100,000 258,762 Total Stockholders' Equity 100,000 200,000 $ 44,238 303,000 $ Total Liabilities and Stockholders' Equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions