For the Antle, Inc. company, Total Current Assets was $ 228,000 for year ended 12//31//'95. Cash...

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.

Expert Solution

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%

jeff jeffy answered 2 years ago

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