A condensed balance sheet for Liu Company is presented below: Required: Prepare

Question

A condensed balance sheet for Liu Company is presented below:

Required: Prepare a vertical analysis of the balance sheet for Liu Company. (Round to the nearest whole percent.)

LIU COMPANY Balance Sheet December 31 (amounts in millions) Amount % Amount % Current Assets Current Liabilities Cash & Cash Equivalents $4,526 Accounts Payable $265 Accounts Receivable 220 Accrued Liabilities 1,651 Inventories 462 Total Current Assets 5,208 Total Current Liabilities 1,916 Property & Equipment, Net 1,956 Long-Term Liabilities 760 Long-Term Investments 1,752 Total Liabilities 2,676 Total Stockholder's Equity 6,240 Total Assets $8,916 Total Liabilities & Stockholder's Equity $8,916

Explanation / Answer

Cash 4526                                      50.76 % Accounts receivable 220                                        2.47 % Inventory 462                                        5.18 %      Total current assets 5,208 Property Plant and Equipment 1,956                                      21.94 % Long term investments 1,752                                      19.65 % Total assets 8,916 Accounts payable 265                                        2.97 % Accrued liabilities 1,651                                      18.52 %      Total current liabilities 1,916 Long term liabilities 760                                        8.52 %      Total liabilities 2,676 Stock holders equity 6,240                                      69.99 % Total liabilities and equity 8,916

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