Vertical analysis of a balance sheet
Beta Graphics, Inc., has the following data:
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BETA GRAPHICS, INC. Comparative Balance Sheet December 31, 2012 and 2011
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2012
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2011
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Assets
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|
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Total current assets
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$ 42,750
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$ 59,000
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Property, plant, and equipment, net
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208,335
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215,000
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Other assets
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33,915
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35,500
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Total assets
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$ 285,000
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$ 309,500
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Liabilities
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Total current liabilities
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$ 49,020
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$ 50,100
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Long-term debt
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109,155
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102,300
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Total liabilities
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$ 158,175
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$ 152,400
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Stockholders' Equity
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|
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Total stockholders' equity
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126,825
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157,100
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Total liabilities and stockholders' equity
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$ 285,000
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$ 309,500
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Requirement
1. Perform a vertical analysis of Beta's balance sheet for each year.