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
