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

Essay

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