Fairway Golf Company\'s balance sheet at December 31, 2016 is as follows (Click
ID: 2599574 • Letter: F
Question
Fairway Golf Company's balance sheet at December 31, 2016 is as follows (Click the icon to view the balance sheet ) Requirement 1. Fairway Golt Company has requested that you perform a vertical analysis of its balance shet to determine the component per 2 percent, XXX% ) December 31,2016 Percentage of Amounttotal assets Assets 14.301% Total current assets Property, plant, and equipment, net Other assets 217.7701 7140% 43,615 305,0001 100.001% Total assets Liabilities 49,715[ 114.985 1630]% Long-term debt Total liabilities 164,700 Stockholders' Equity [ 4600]% 140,300 Total stockholders' equity Total liabilities and stockholders' equity s 305,000 100.00 = Enter any number in the edit fields and then continue to the next questionExplanation / Answer
Vertical analysis
amount
% of total assets/ total of liabilities and shareholders equity = individual item/total of assets/total of liabilities and shareholders equity
total current assets
43615
14.30%
property and plant
217770
71.40%
other assets
43615
14.30%
total assets
305000
100.00%
liabilities
total current liabilities
49715
16.30%
long term debt
114985
37.70%
total liabilities
164700
54.00%
stockholders equity
total stock holders equity
140300
46.00%
total of liabilities and stockholders equity
305000
100.00%
Vertical analysis
amount
% of total assets/ total of liabilities and shareholders equity = individual item/total of assets/total of liabilities and shareholders equity
total current assets
43615
14.30%
property and plant
217770
71.40%
other assets
43615
14.30%
total assets
305000
100.00%
liabilities
total current liabilities
49715
16.30%
long term debt
114985
37.70%
total liabilities
164700
54.00%
stockholders equity
total stock holders equity
140300
46.00%
total of liabilities and stockholders equity
305000
100.00%
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