Kapow, Inc provides the following
Kapow, Inc
Comparative Balance Sheet
December 31, 2017 and 2016
2017 2016
Assets
Total Current Assets $200,000 $100,000
Property, Plant, and Equipment, Net 550,000 500,000
Other Assets 50,000 50,000
Total Assets $800,000 $650,000
Liabilities
Total Current Liabilities $150,000 $100,000
Long-term Liabilities 350,000 250,000
Total Liabilities 500,000 350,000
Stockholders' Equity
Total Stockholders' Equity 300,000 300,000
Total Liabilities and Stockholders' Equity $800,000 $650,000
Perform a vertical analysis of Kapow's balance sheet for each year. (Round to one decimal place.)
What will be an ideal response
Comparative Balance Sheet—Vertical Analysis:
Kapow, Inc.
Comparative Balance Sheet
December 31, 2017 and 2016
Percent of Percent of
2017 Total 2016 Total
Assets
Total Current Assets $200,000 25.0 $100,000 15.4
Property, Plant, and
Equipment, Net 550,000 68.8 500,000 76.9
Other Assets 50,000 6.3 50,000 7.7
Total Assets $800,000 100.0 $650,000 100.0
Liabilities
Total Current Liabilities $150,000 18.8 $100,000 15.4
Long-term Liabilities 350,000 43.8 250,000 38.5
Total Liabilities 500,000 62.5 350,000 53.8
Stockholders' Equity
Total Stockholders' Equity 300,000 37.5 300,000 46.2
Total Liabilities and
Stockholders' Equity $800,000 100.0 $650,000 100.0
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