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Fairway Golf Company's balance sheet at December 31, 2018 is as follows EEB (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Fairway Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity Round the percentages to the nearest hundredth percent, XXX%. Fairway Golf Company Vertical Analysis of Balance Sheet December 31, 2018 Amount % of total Data Table Assets otal current assets Property, plant, and equipment, net Other assets Total assets $47,680 229,760 42,560 $ 320,000 Fairway Golf Company Balance Sheet December 31, 2018 Assets Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 173,760 Total current assets Property, plant, and equipment, net Other assets Total assets $ 47,680 229,760 42,560 $ 320,000 Stockholders' Equity Liabilities Total stockholders' equity 146,240 $ 52,480 121,280 Total current liabilities Long-term debt Total liabilities Total liabilities and stockholders' equity $ 320,000 173,760 Stockholders' Equity 146,240 Total stockholders' equity $ 320,000 Total liabilities and stockholders' equity Print Done Enter any number in the edit fields and then click Check Answer.

Fairway Golf Company's balance sheet at December 31, 2018 is as follows EEB (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Fairway Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity Round the percentages to the nearest hundredth percent, XXX%. Fairway Golf Company Vertical Analysis of Balance Sheet December 31, 2018 Amount % of total Data Table Assets otal current assets Property, plant, and equipment, net Other assets Total assets $47,680 229,760 42,560 $ 320,000 Fairway Golf Company Balance Sheet December 31, 2018 Assets Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 173,760 Total current assets Property, plant, and equipment, net Other assets Total assets $ 47,680 229,760 42,560 $ 320,000 Stockholders' Equity Liabilities Total stockholders' equity 146,240 $ 52,480 121,280 Total current liabilities Long-term debt Total liabilities Total liabilities and stockholders' equity $ 320,000 173,760 Stockholders' Equity 146,240 Total stockholders' equity $ 320,000 Total liabilities and stockholders' equity Print Done Enter any number in the edit fields and then click Check Answer.

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4E
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Fairway Golf Company's balance sheet at December 31, 2018 is as follows EEB (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Fairway Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity Round the percentages to the nearest hundredth percent, XXX%. Fairway Golf Company Vertical Analysis of Balance Sheet December 31, 2018 Amount % of total Data Table Assets otal current assets Property, plant, and equipment, net Other assets Total assets $47,680 229,760 42,560 $ 320,000 Fairway Golf Company Balance Sheet December 31, 2018 Assets Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 173,760 Total current assets Property, plant, and equipment, net Other assets Total assets $ 47,680 229,760 42,560 $ 320,000 Stockholders' Equity Liabilities Total stockholders' equity 146,240 $ 52,480 121,280 Total current liabilities Long-term debt Total liabilities Total liabilities and stockholders' equity $ 320,000 173,760 Stockholders' Equity 146,240 Total stockholders' equity $ 320,000 Total liabilities and stockholders' equity Print Done Enter any number in the edit fields and then click Check Answer.
Transcribed Image Text:Fairway Golf Company's balance sheet at December 31, 2018 is as follows EEB (Click the icon to view the balance sheet.) Requirement 1. Perform a vertical analysis of Fairway Golf Company's balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity Round the percentages to the nearest hundredth percent, XXX%. Fairway Golf Company Vertical Analysis of Balance Sheet December 31, 2018 Amount % of total Data Table Assets otal current assets Property, plant, and equipment, net Other assets Total assets $47,680 229,760 42,560 $ 320,000 Fairway Golf Company Balance Sheet December 31, 2018 Assets Liabilities Total current liabilities Long-term debt Total liabilities $ 52,480 121,280 173,760 Total current assets Property, plant, and equipment, net Other assets Total assets $ 47,680 229,760 42,560 $ 320,000 Stockholders' Equity Liabilities Total stockholders' equity 146,240 $ 52,480 121,280 Total current liabilities Long-term debt Total liabilities Total liabilities and stockholders' equity $ 320,000 173,760 Stockholders' Equity 146,240 Total stockholders' equity $ 320,000 Total liabilities and stockholders' equity Print Done Enter any number in the edit fields and then click Check Answer.
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