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Glasgow,Inc Perform a Vertical Analysis of Glasgow's Balance Sheet for Each

Question 77

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Glasgow,Inc.provides the following:
 Glasgow, Inc. Comparative Balance Sheet December 31,2019 and 201820192018 Assets  Total Current Assets $200,000$100,000 Property, Plant, and Equipment, Net 550,000500,000 Other Assets 50,00050,000 Total Assets $800,000$650,000 Liabilities  Total Current Liabilities $150,000$100,000 Long-term Liabilities 350,000250,000 Total Liabilities 500,000350,000 Stockholders’ Equity  Total Stockholder’s’ Equity 300,000300,000 Total Liabilities and Stockholder’s’ Equity $800,000$650,000\begin{array}{c}\text { Glasgow, Inc.}\\\text { Comparative Balance Sheet}\\\text { December 31,2019 and 2018}\\\begin{array}{|l|r|r}\hline &2019&2018\\\hline \text { Assets } & & \\\hline \text { Total Current Assets } & \$ 200,000 & \$ 100,000 \\\hline \text { Property, Plant, and Equipment, Net } & 550,000 & 500,000 \\\hline \text { Other Assets } & 50,000 & 50,000 \\\hline \text { Total Assets } & \$ 800,000 & \$ 650,000\\\hline \text { Liabilities } & & \\\hline \text { Total Current Liabilities } & \$ 150,000 & \$ 100,000 \\\hline \text { Long-term Liabilities } & 350,000 & 250,000 \\\hline \text { Total Liabilities } & 500,000 & 350,000 \\\hline\text { Stockholders' Equity } & & \\\hline \text { Total Stockholder's' Equity } & \underline{300,000} & 300,000 \\\hline \text { Total Liabilities and Stockholder's' Equity } & \$ 800,000 & \$ 650,000\\\hline \end{array}\end{array}
Perform a vertical analysis of Glasgow's balance sheet for each year.(Round to one decimal place.)

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