Linda's Counseling Service, Inc., requested that you perform a vertical analysis of its balance sheet to determine the c

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Linda S Counseling Service Inc Requested That You Perform A Vertical Analysis Of Its Balance Sheet To Determine The C 1 (70.09 KiB) Viewed 53 times

Linda's Counseling Service, Inc., requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and stockholders' equity. Round to the nearest tenth of a percent. (Click the icon to view the balance sheet of the company.) Data table Linda's Counseling Service, Inc. Vertical Analysis of Balance Sheet December 31, 2018 Amount Percent Assets $ % Total current assets Long-term investments 180,000 31,500 199.500 % Assets Linda's Counseling Service, Inc. Balance Sheet December 31, 2018 Liabilities S S 180,000 Total current liabilities 31,500 Long-term debt 199,500 Total liabilities Property, plant, and equipment, net Total current assets % 100.0 $ 110,000 190,000 $ 411,000 Total assets Long-term investments Property, plant, and equipment, net 300,000 Liabilities Total current liabilities $ % 110.000 190,000 % Long-term debt Total liabilities Stockholders' Equity 300.000 Stockholders' Equity ' Total stockholders' equity 411,000 Total liabilities and stockholders' equity % 111,000 S $ 411,000 Total assets Total stockholders' equity 111,000 % $ 411,000 100.0 Total liabilities and stockholders' equity