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.
Total current assets
Property, plant, and equipment, net
Other assets Total assets
Total current liabilities Long-term debt
Total liabilities $ 48,000
Total stockholders’ equity
Total liabilities and stockholders’ equity