Homework Answers
| Kappa Designs | ||
| Comparative Balance Sheet | ||
| 2016 | 2016 | |
| (a) | [(a) / $285000] X 100 | |
| Assets | ||
| Total Current Assets | $ 42,750 | 15.0% |
| Property , Plant and Equipment | $ 2,08,335 | 73.1% |
| Other Assets | $ 33,915 | 11.9% |
| Total Assets | $ 2,85,000 | 100.0% |
| Liabilities | ||
| Total Current Liabilities | $ 49,020 | 17.2% |
| Long term liabilities | $ 1,09,155 | 38.3% |
| Total Liabilities | $ 1,58,175 | 55.5% |
| Stockholder's Equity | ||
| Total Stockholder's Equity | $ 1,26,825 | 44.5% |
| Total Liabilities and Stockholders Equity | $ 2,85,000 | 100.0% |
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