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Putt Golf Company has requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and stockholders’ equity. Putt Golf Company Balance Sheet December 31, 2012

Assets Total current assets$ 42,000 Property, plant, and equipment, net 206,000 Other assets 40,000 Total assets$288,000LiabilitiesTotal current liabilities $ 47,000 Long-term debt107,000 Total liabilities154,000Stockholders’ EquityTotal stockholders’ equity 134,000 Total liabilities and stockholders’ equity$288,000\begin{matrix} \text{Assets }\\ \text{Total current assets} & \text{\$ 42,000 }\\ \text{Property, plant, and equipment, net } & \text{206,000 }\\ \text{Other assets } & \text{40,000 }\\ \text{Total assets} & \text{\$288,000}\\ \text{Liabilities}\\ \text{Total current liabilities } & \text{\$ 47,000 }\\ \text{Long-term debt} & \text{107,000 }\\ \text{Total liabilities} & \text{154,000}\\ \text{Stockholders’ Equity}\\ \text{Total stockholders’ equity } & \text{134,000 }\\ \text{Total liabilities and stockholders’ equity} & \text{\$288,000}\\ \end{matrix}

Question

Drive Golf Company has requested that you perform a vertical analysis of its balance sheet to determine the component percentages of its assets, liabilities, and stockholders’ equity. Drive Golf Company Balance Sheet December 31, 2012

AssetsTotal current assets$ 33,000 Property, plant, and equipment, net 199,000 Other assets 37,000 Total assets$269,000LiabilitiesTotal current liabilities $ 48,000 Long-term debt 102,000 Total liabilities150,000Stockholders’ Equity Total stockholders’ equity 119,000 Total liabilities and stockholders’ equity$269,000\begin{matrix} \text{Assets}\\ \text{Total current assets} & \text{\$ 33,000 }\\ \text{Property, plant, and equipment, net } & \text{199,000 }\\ \text{Other assets } & \text{37,000 }\\ \text{Total assets} & \text{\$269,000}\\ \text{Liabilities}\\ \text{Total current liabilities } & \text{\$ 48,000 }\\ \text{Long-term debt } & \text{102,000 }\\ \text{Total liabilities} & \text{150,000}\\ \text{Stockholders’ Equity }\\ \text{Total stockholders’ equity } & \text{119,000 }\\ \text{Total liabilities and stockholders’ equity} & \text{\$269,000}\\ \end{matrix}

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In the books of Drive Golf Company Statement of vertical balance sheet analysis For the year ended December 31,2012

Particulars Amount ($) % against total assets
Assets
Total current assets 33,000 12.25
Property, plant, and equipment, net 199,000 74.01
Other assets 37,000 13.75
Total assets 269,000 100
Liabilities
Total current liabilities 48,000 17.82
Long-term debt 102,000 37.91
Total liabilities 150,000 56
Stockholders’ Equity
Total stockholders’ equity 119,000 44.25
Total liabilities and stockholders’ equity 269,000 100

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