5.00 points A condensed balance sheet for Liu Company is presented below Require

Question

5.00 points 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.) co Balance Sheet December 31 (amounts in millions) Current Assets Current Liabilities S 14,968 450 1,836 17,254 6,060 5,186 Cash & Cash Equivalents Accounts Receivable $ 866 5,304 Accounts Payable Accrued Liabilities Total Current Assets 6,170 2,430 8,600 19,900 0 Total Liabilities & Stockholder's Equity28,500 0 Total Current Liabilities Property & Equipment, Net Long-Term Investments Long-Term Liabilities Total Liabilities Total Stockholder's Equity Total Assets 28,500

Explanation / Answer

Total assets: Total current assets + Property & equipment + Long-Term Investment

Total liabilities: Total current liabilities + Long-Term Liabilities

Total liabilities and stockholders equity: Total Libailities + Total Stockholders equity

Total assets and total liabilites and stockholders equity will be 100% and the remaining values will be divided by the total assets to arrive at the percentage

LIU & COMPANY Vertical Balance Sheet as on December 31 Amount
(in millions) Percent Assets Current Assets: Cash & Cash Equivalents 14968 53% Accounts Receivable 450 2% Inventories 1836 6% Total Current Assets 17254 61% Property & Equipment 6060 21% Long-Term Investment 5186 18% Total Assets 28500 100% Liabilities Current Liabilities: Accounts Payable 866 3% Accrued Liabilities 5304 19% Total Current Liabilities 6170 22% Long-Term Liabilities 2430 9% Total Liabilities 8600 30% Total Stockholders Equity 19900 70% Total Liabilities & Stockholders Equity 28500 100%

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