Q15E Theta Designs, Inc. has the foll... [FREE SOLUTION]

Chapter 15: Q15E (page 840)

Theta Designs, Inc. has the following data:
Theta Designs INC
Vertical Analysis
For the year ended December 31, 2017, and 2018
Assets
2018 ($)
2017 ($)
Total current assets
25,000
73,440
Property, Plant and Equipment, Net
153,600
168,300
Other Assets
21,400
64,260
Total Assets
200,000
306,000
Liabilities
Total current liabilities
27,600
49,266
Long term debt
72,400
208,998
Total Liabilities
100,000
258,264
Stockholders鈥� Equity
Total stockholders鈥� Equity
100,000
47,736
Total liabilities and stockholders鈥� equity
200,000
306,000
Perform a vertical analysis of Theta Designs鈥檚 balance sheet for each year.

Expert verified

The vertical analysis of Theta Designs Inc is prepared for the year 2017 and 2018

The balance sheet is defined as a financial statement that reports the value of assets owned and liabilities owes at any specific date.

Theta Designs INC
Vertical Analysis
For the year ended December 31, 2017, and 2018
Assets	2018 ($)	Percent (%)	2017 ($)	Percent (%)

Total current assets	25,000	12.50	73,440	24
Property, Plant and Equipment, Net	153,600	76.80	168,300	55
Other Assets	21,400	10.70	64,260	21
Total Assets	200,000	100	306,000	100

Liabilities
Total current liabilities	27,600	13.80	49,266	16.10
Long term debt	72,400	36.20	208,998	68.30
Total Liabilities	100,000	50	258,264	84.40

Stockholders鈥� Equity
Total stockholders鈥� Equity	100,000	50	47,736	15.60
Total liabilities and stockholders鈥� equity	200,000	100	306,000	100

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	2019	2018	2017	2016
Net Sales Revenue	\(766000	\)708000	\(644000	\)664000
Net Income	60000	38000	36000	44000
Ending Common Stockholder鈥檚 Equity	368000	352000	326000	296000

MICATIN INC. Comparative Income Statement Years Ended December 31, 2019, and 2018
Dollars in thousands	2019	2018	2017
Net Sales Revenue	\( 181,000	\) 160,000
Cost of Goods Sold	93,500	86,500
Selling and Administrative Expenses	45,000	40,500
Interest Expense	8,000	12,000
Income Tax Expense	11,000	10,500
Net Income	\( 23,500	\) 10,500

Additional data:
Total Assets	\( 209,000	\) 187,000	\( 167,000
Common Stockholders鈥� Equity	96,000	91,500	80,500
Preferred Dividends	2,000	2,000	0
Common Shares Outstanding During the Year	15,000	15,000	10,000