Homework SourseKappa Designs Inc has the following data Kappa Designs Inc C
Kappa ?Designs, Inc. has the following? data:??
Kappa Designs, Inc.
Comparative Balance Sheet
December 31, 2018 and 2017
2018
2017
Assets
Total Current Assets
$43,452
$64,460
Property, Plant, and Equipment, Net
210,444
146,500
Other Assets
30,104
82,040
Total Assets
$284,000
$293,000
Liabilities
Total Current Liabilities
$46,860
$44,536
Long-term Debt
108,204
200,705
Total Liabilities
155,064
245,241
Stockholders\' Equity
Total Stockholders\' Equity
128,936
47,759
Total Liabilities and Stockholders\' Equity
$284,000
$293,000
Perform a vertical analysis of Kappa ?Designs\' balance sheet for each year.
Begin by performing a vertical analysis of Kappa ?Designs\' balance sheet for 2018?, then perform the analysis for 2017. ?(Round the percent of total amounts to one decimal? place, X.X%.)
Kappa Designs, Inc.
Balance Sheet
December 31, 2018 and 2017
2018 Percent of Total
Assets
Total Current Assets $43,452 ___________%
Property, Plant, and Equipment, Net 210,444___________ %
Other Assets 30,104___________ %
Total Assets $284,000__________ %
Liabilities
Total Current Liabilities $46,860_________ %
Long-term Debt 108,204 ___________%
Total Liabilities 155,064____________ %
Stockholders\' Equity
Total Stockholders\' Equity 128,936________ %
Total Liabilities and Stockholders\' Equity $284,000___________ %
2017 Percent of Total
$64,460___________ %
146,500 ___________%
82,040 ____________%
$293,000 _________%
$44,536_________ %
200,705 __________%
245,241___________ %
47,759___________ %
$293,000__________ %
Solution
Vertical Analysis of the Balance Sheet data for Kappa Designs, Inc.
Kappa ?Designs, Inc.
Condensed Balance Sheet, May 31
$ ( In Millions)
Percent
Assets
Total Current Assets
43,452
15.3%
Property, Plant and Equipment (Net)
210444
74.1%
Other Assets
30,104
10.6%
Total Assets
284,000
100%
Liabilities and Stockholders Equity
Total Current Liabilities
46,860
16.5%
Long term Liabilities
108,204
38.1%
Stockholders Equity
128,936
45.4%
Total Liabilities and Stockholders Equity
284,000
100%
| Kappa ?Designs, Inc. | ||
| Condensed Balance Sheet, May 31 | ||
| $ ( In Millions) | Percent | |
| Assets | ||
| Total Current Assets | 43,452 | 15.3% |
| Property, Plant and Equipment (Net) | 210444 | 74.1% |
| Other Assets | 30,104 | 10.6% |
| Total Assets | 284,000 | 100% |
| Liabilities and Stockholders Equity | ||
| Total Current Liabilities | 46,860 | 16.5% |
| Long term Liabilities | 108,204 | 38.1% |
| Stockholders Equity | 128,936 | 45.4% |
| Total Liabilities and Stockholders Equity | 284,000 | 100% |
