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December 31, 2018 and 2017 otal Assets Assets otal Current Assets Property, Plant, and Equipment, Net Other Assets Liabilities 2018 46,150 $ 242,125 36,725 $ 325,000 $ 2017 44,400 109,150 31,450 185,000

December 31, 2018 and 2017 otal Assets Assets otal Current Assets Property, Plant, and Equipment, Net Other Assets Liabilities 2018 46,150 $ 242,125 36,725 $ 325,000 $ 2017 44,400 109,150 31,450 185,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Data table Total Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Kappa Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Assets Long-term Debt Total Liabilities Total Current Liabilities Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity 2018 46,150 $ 242,125 36,725 325,000 $ 43,875 $ 115,375 159,250 165,750 325,000 $ 2017 44,400 109, 150 31,450 185,000 30,155 127,650 157,805 27,195 185,000 I X
Transcribed Image Text:Data table Total Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Kappa Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Assets Long-term Debt Total Liabilities Total Current Liabilities Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity 2018 46,150 $ 242,125 36,725 325,000 $ 43,875 $ 115,375 159,250 165,750 325,000 $ 2017 44,400 109, 150 31,450 185,000 30,155 127,650 157,805 27,195 185,000 I X
Kappa Designs, Inc. has the following data: (Click the icon to view the data.) Perform a vertical analysis of Kappa Designs' balance sheet for each year. Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets Liabilities Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Kappa Designs, Inc. Balance Sheet December 31, 2018 and 2017 2018 Percent of Total 46,150 242,125 36,725 $ 325,000 $ $ $ 43,875 115,375 159,250 165,750 325,000 do do d % % % % % % % % %
Transcribed Image Text:Kappa Designs, Inc. has the following data: (Click the icon to view the data.) Perform a vertical analysis of Kappa Designs' balance sheet for each year. Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets Liabilities Total Current Liabilities Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Kappa Designs, Inc. Balance Sheet December 31, 2018 and 2017 2018 Percent of Total 46,150 242,125 36,725 $ 325,000 $ $ $ 43,875 115,375 159,250 165,750 325,000 do do d % % % % % % % % %
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