Quiz: Chapter 17 Quiz Time Remaining: 01:08:22 Submit Quiz This Question: 10 pts

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Quiz: Chapter 17 Quiz Time Remaining: 01:08:22 Submit Quiz This Question: 10 pts 4 of 10 (0 completel This Quiz: 100 pts possible Gamma Designs, Inc. has the following data: B(Click the icon to view the data) Perform a vertical analysis of Gamma Designs's balance sheet for each year. Begin by performing a vertical analysis of Gamma Designs's balance sheet for 2016, then perform the analysis for 2015 (Round the percent of total amounts to one decimal place,X.X) Gamma Designs, Inc. Balance Sheet December 31, 2016 and 2015 2016 Percent of Total 2015 Percent of Total Assets Total Current Assets Property. Plant, and Equipment, Net Other Assets Total Assets 48,600 219.600 31,800 S 300,000 %$ 6.300 184 275 61,425 S 315.000 Total Current Liabilses Long-term Debt Total Liabiities 38.400 %s sasso 204.750 258.300 98 400 136,800 Stockholders Equity 63.200 6.700 Total Stockholders Equity Total Liabities and Stockholders' Equity S 300,000 315000

Explanation / Answer

VERTICAL ANALYSIS 2016 % TOTAL 2015 % TOTAL Assets Total current assets 48600 16.20% 69300 22.00% Property plant and equipment 219600 73.20% 184275 58.50% Other assets 31800 10.60% 61425 19.50% Total assets 300000 100.00% 315000 100.00% Liabilities: Total current liabilities 38400 12.80% 53550 17.00% Long term debt 98400 32.80% 204750 65.00% Total liabiltiies 136800 45.60% 258300 82.00% Stockholder's equity: Total Stockholder's equity 163200 54.40% 56700 18.00% Total liabilities and equity 300,000 100.00% 315000 100.00%

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