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Glasgow, Inc  2019 2018\begin{array}{lrr}& \text { 2019 } &2018\\\end{array} Assets Liabilities

Question 73

Essay

Glasgow, Inc. provides the following:
Glasgow, Inc.
Comparative Balance Sheet
December 31,2019 and 2018

 2019 2018\begin{array}{lrr}& \text { 2019 } &2018\\\end{array}
Assets
 Total Curent Assets $200,000$100,000 Property, Ilant, and Equipment, Net 550,000500,000 Other Assets $50,00050,000 Total Assets $800,000$650,000\begin{array} { l l l } \text { Total Curent Assets } & \$ 200,000 & \$ 100,000 \\\text { Property, Ilant, and Equipment, Net } & 550,000 & 500,000 \\\text { Other Assets } & \underline { \$ 50,000 }& \underline { 50,000 }\\\text { Total Assets } &\underline { \$ 800,000} & \underline { \$ 650,000}\end{array} Liabilities
 Total Cument Liabilities $150,000$100,000 Long-term Liabilities 350,000250,000 Total Liabilities 500,000350,000\begin{array} { l l l } \text { Total Cument Liabilities } & \$ 150,000 & \$ 100,000 \\\text { Long-term Liabilities } & \underline { 350,000 }& \underline { 2 5 0 , 0 0 0 } \\\text { Total Liabilities } & 500,000 & 3 5 0 , 0 0 0 \end{array} Stockholders' Equity
 Total Stockholders’ Equity 300,000300,000 Total Liabilities and Stockholders’ Equity $800,000$650,000\begin{array}{lrr} \text { Total Stockholders' Equity } &\underline{300,000}&\underline{300,000}\\ \text { Total Liabilities and Stockholders' Equity } &\underline{\$800,000}&\underline{\$650,000}\\\end{array}
Perform a vertical analysis of Glasgow's balance sheet for each year. (Round to one decimal place.)

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