E 13 -29B (L earn i ng Obj ec tiv e 2: P er f or m v er ti cal analys i s o f a b alance shee t) Dri

E13-29B (Learning Objective 2: Perform vertical analysis of a balance sheet) Drive Golf Company has requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and stockholders’ equity.

 

 

 

 

 

 

 

 

Assets

 

 

 

Total current assets

$  33,000

 

 

Property, plant, and equipment, net

199,000

 

 

Other assets Total assets

37,000

$269,000

 

 

 

Liabilities

 

 

  Total current liabilities Long-term debt

Total liabilities $  48,000

102,000

150,000

 

 

 

 

 

  Stockholders’  Equity

Total  stockholders’ equity

Total liabilities and stockholders’  equity  

119,000

$269,000

 

 

 

 

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