Beta Graphics, Inc., has the following data:
|
BETA GRAPHICS, INC. Comparative Balance Sheet December 31, 2012 and 2011
|
|
2012
|
2011
|
|
Assets
|
|
|
|
Total current assets
|
$ 42,750
|
$ 59,000
|
|
Property, plant, and equipment, net
|
208,335
|
215,000
|
|
Other assets
|
33,915
|
35,500
|
|
Total assets
|
$ 285,000
|
$ 309,500
|
|
Liabilities
|
|
|
|
Total current liabilities
|
$ 49,020
|
$ 50,100
|
|
Long-term debt
|
109,155
|
102,300
|
|
Total liabilities
|
$ 158,175
|
$ 152,400
|
|
Stockholders' Equity
|
|
|
|
Total stockholders' equity
|
126,825
|
157,100
|
|
Total liabilities and stockholders' equity
|
$ 285,000
|
$ 309,500
|
Requirement
1. Perform a vertical analysis of Beta's balance sheet for each year.