Begin by performing a vertical analysis of Kappa Designs' balance sheet for 2024, then perform the analysis for 2023. (Round the percent of total amounts to one decimal place, X.X%.) Kappa Designs, Inc. Balance Sheet December 31, 2024 and 2023 2024 Percent of Total Assets Total Current Assets 25,000 12.5 % Property, Plant, and Equipment, Net 153,600 76.8 % 21,400 10.7 Other Assets % 2$ 200,000 100.0 % Total Assets Liabilities Total Current Liabilities 2$ 27,600 27.6 % 72,400 72.4 Long-term Debt % Total Liabilities 100,000 100 % Stockholders' Equity 100,000 50.0 Total Stockholders' Equity % 200,000 100.0 Total Liabilities and Stockholders' Equity
Begin by performing a vertical analysis of Kappa Designs' balance sheet for 2024, then perform the analysis for 2023. (Round the percent of total amounts to one decimal place, X.X%.) Kappa Designs, Inc. Balance Sheet December 31, 2024 and 2023 2024 Percent of Total Assets Total Current Assets 25,000 12.5 % Property, Plant, and Equipment, Net 153,600 76.8 % 21,400 10.7 Other Assets % 2$ 200,000 100.0 % Total Assets Liabilities Total Current Liabilities 2$ 27,600 27.6 % 72,400 72.4 Long-term Debt % Total Liabilities 100,000 100 % Stockholders' Equity 100,000 50.0 Total Stockholders' Equity % 200,000 100.0 Total Liabilities and Stockholders' Equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:EF17-15 (similar to)
Kappa Designs, Inc. has the following data:
E (Click the icon to view the data.)
Perform a vertical analysis of Kappa Designs' balance sheet for each year.
Begin by performing a vertical analysis of Kappa Designs' balance sheet for 2024, then perform the analysis for 2023. (Round the percent of total amounts to one decimal place, X.X%.)
Kappa Designs, Inc.
Balance Sheet
December 31, 2024 and 2023
2024
Percent of Total
Assets
Total Current Assets
$
25,000
12.5 %
Property, Plant, and Equipment, Net
153,600
76.8 %
21,400
10.7
Other Assets
$
200,000
100.0
Total Assets
Liabilities
Total Current Liabilities
$
27,600
27.6 %
Long-term Debt
72,400
72.4
%
Total Liabilities
100,000
100 %
Stockholders' Equity
Total Stockholders' Equity
100,000
50.0 %
$
Total Liabilities and Stockholders' Equity
200,000
100.0
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