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Use the balance sheet below and complete the Percent of Total Column to perform a Vertical Analysis. Hedwig & Errol Inc. Balance Sheet December 31,
Use the balance sheet below and complete the Percent of Total Column to perform a Vertical Analysis.
Hedwig & Errol Inc. Balance Sheet December 31, 2019 2019 Percent of Total Assets Total Current Assets $25,000 Property, Plant, and Equipment (net) 42,000 Other Assets 18,000 Total Assets $85,000 Liabilities Total Current Liabilities $5,500 Long Term Debt 13,500 Total Liabilities 19.000 Other Assets 18,000 Total Assets $85,000 Liabilities Total Current Liabilities $5,500 Long Term Debt 13,500 Total Liabilities 19,000 Stockholder's Equity Total Stockholder's Equity 66,000 Total Liabilities and Stockholder's Equity 85.000 Step by Step Solution
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