FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Epsilon Golf Company's balance sheet at December 31, 2021 is as follows:
(Click the icon to view the balance sheet.)
Requirement
1. Perform a vertical analysis of Epsilon Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity. (Round the percentages to the nearest
hundredth percent, X.XX%. Do not enter the % symbol in any of the input fields.)
Assets
Total current assets
Property, plant, and equipment, net
Other assets
Total assets
Liabilities
Total current liabilities
December 31, 2021
Long-term debt
Total liabilities
Stockholders' Equity
Total stockholders' equity
Total liabilities and stockholders' equity
$
$
$
$
Amount
42,465
203,775
38,760
285,000
46,455
107,730
154,185
130,815
285,000
% of total
%
%
%
%
%
%
%
%
%
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Transcribed Image Text:Epsilon Golf Company's balance sheet at December 31, 2021 is as follows: (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Epsilon Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity. (Round the percentages to the nearest hundredth percent, X.XX%. Do not enter the % symbol in any of the input fields.) Assets Total current assets Property, plant, and equipment, net Other assets Total assets Liabilities Total current liabilities December 31, 2021 Long-term debt Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ $ $ $ Amount 42,465 203,775 38,760 285,000 46,455 107,730 154,185 130,815 285,000 % of total % % % % % % % % %
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