Lannister Salon Statement of Financial Position As of December 31, 2023 Current Assets Cash and Cash Equivalents 37.57 Trading Securities 6.52 Trade and Other Receivables 3.99 Inventories 19.97 Prepaid Expenses 6.74 Total Current Assets 74.79 % Non-Current Assets Property Plant and Equipment 25.21 % Total Assets 100.00 % Liabilities and Owner's Equity Current Liabilities Trade and Other Payables 24.96 % Non-Current Liabilities Mortgage Payable 9.98 Loan Payable (3 years) 9.98 Total Non-Current Liabilities 19.97 % Total Liabilities 44.92 % Owner's Equity Capital 55.08 % Total Liabilities and Owner's Equity 100.00 %
Lannister Salon Statement of Financial Position As of December 31, 2023 Current Assets Cash and Cash Equivalents 37.57 Trading Securities 6.52 Trade and Other Receivables 3.99 Inventories 19.97 Prepaid Expenses 6.74 Total Current Assets 74.79 % Non-Current Assets Property Plant and Equipment 25.21 % Total Assets 100.00 % Liabilities and Owner's Equity Current Liabilities Trade and Other Payables 24.96 % Non-Current Liabilities Mortgage Payable 9.98 Loan Payable (3 years) 9.98 Total Non-Current Liabilities 19.97 % Total Liabilities 44.92 % Owner's Equity Capital 55.08 % Total Liabilities and Owner's Equity 100.00 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The attached picture is Lannister salon's financial position for year 2023.
Pls. Create a vertical analysis for Liquidity and Stability, pls. provide conclusion for and 3-4 recommendations

Transcribed Image Text:Lannister Salon
Statement of Financial Position
As of December 31, 2023
Current Assets
Cash and Cash Equivalents
37.57
Trading Securities
6.52
Trade and Other Receivables
3.99
Inventories
19.97
Prepaid Expenses
6.74
Total Current Assets
74.79 %
Non-Current Assets
Property Plant and Equipment
25.21 %
Total Assets
100.00 %
Liabilities and Owner's Equity
Current Liabilities
Trade and Other Payables
24.96 %
Non-Current Liabilities
Mortgage Payable
9.98
Loan Payable (3 years)
9.98
Total Non-Current Liabilities
19.97 %
Total Liabilities
44.92 %
Owner's Equity
Capital
55.08 %
Total Liabilities and Owner's Equity
100.00 %
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