Question
Use the following Comparative Balance Sheet to prepare the VERTICAL ANALYSIS for two years for Holiday Times Corp. for 2021 & 2020. Round answers to
Use the following Comparative Balance Sheet to prepare the VERTICAL ANALYSIS for two years for Holiday Times Corp. for 2021 & 2020. Round answers to 1 decimal point. 20 Points (Table in the attached Word file - you can copy it to Excel)
Holiday Times Corp. | ||||||||
Comparative Balance Sheet | ||||||||
December 31, 2021 and 2020 | ||||||||
| 2021 | Percent of Total | 2020 | Percent of Total | ||||
|
|
|
|
|
|
| ||
Assets |
|
|
|
| ||||
Total Current Assets | $27,800 | $25,900 | ||||||
Property, Plant, and Equipment, net | 284,000 | 298,400 |
| |||||
Other Assets |
|
|
| 35,000 | 45,700 | |||
Total Assets | $346,800 | $370,000 |
| |||||
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
| ||||
Total Current Liabilities |
|
| $45,900 | $53,600 |
| |||
Long-term Debt |
|
|
| 68,700 | 41,800 |
| ||
Total Liabilities |
|
|
| $114,600 | $95,400 |
| ||
|
|
|
|
|
|
|
|
|
Stockholders Equity |
|
|
|
| ||||
Total Stockholders Equity |
|
| $232,200 | $274,600 | ||||
Total Liabilities and Stockholders Equity | $346,800 | $370,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started