In: Finance
For the Antle, Inc. company, Total Current Assets was $ 228,000 for year ended 12//31//'95. Cash had a balance of $ 37,000 and A//R had a balance of $ 86,000. Merchandise Inventory was the only other Short-Term Asset. Land had a year-end balance of $ 148,000, while Buildings had a balance of $ 316,000. Land and Buildings are the only Fixed Assets, and Total Assets had a balance of $ 538,000 at year end. Short-Term Notes Payable had a 12//31//'95 balance of $ 43,000, while A//P had a balance of $ 91,000 and Other Short-Term Debt (Ex: Accrued Liabilities) totaled $ 27,000. The balance in Total Liabilities was $ 201,000 at year end, with Long Term Notes Payable being the only Long Term Debt., No Par Common Stock had a balance of $ 135,000 as of 12//31//'95. Common Stock is the only type of stock outstanding. Based upon the aforementioned information, please provide a Balance Sheet for Antle, Inc.as of 12//31//'95.
Please provide Vertical Analysis for your Balance Sheet.
Antle, Inc. | |||||
Balance Sheet as on 31-Dec-1995 | |||||
Particulars | $ Totals | Percent | |||
Cash | 37000 | 6.88% | |||
Accounts receivable | 86000 | 15.98% | |||
Inventory | 105000 | 19.52% | |||
Total current assets | 228000 | 42.38% | |||
Land | 148000 | 27.51% | |||
Building | 316000 | ||||
Less: Accumulated Depreciation | 154000 | 162000 | 30.11% | ||
Fixed assets | 310000 | 57.62% | |||
Total Assets | 538000 | 100% | |||
Accounts Payable | 91000 | 16.91% | |||
Accrued liabilities (ST Debt) | 27000 | 5.02% | |||
Short Term Notes payable | 43000 | 8.00% | |||
Total current liabilities | 161000 | 29.93% | |||
Long Term Notes payable | 40000 | 7.43% | |||
Total liabilities | 201000 | 37.36% | |||
Capital stock | 135000 | 25.09% | |||
Retained Earnings | 202000 | 37.55% | |||
Total equity | 337000 | 62.64% | |||
Total liabilities and equity | 5,38,000 | 100% |