Question

Kappa ?Designs, Inc. has the following? data:?? Kappa Designs, Inc. Comparative Balance Sheet December 31, 2018...

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__________ %

Homework Answers

Answer #1

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%

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