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Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below. 20Y2 20Y1 Current assets $ 1,500,000 $
Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below. 20Y2 20Y1 Current assets $ 1,500,000 $ 1,200,000 Property, plant, and equipment 12,500,000 10,800,000 Intangible assets 2,000,000 2,000,000 Current liabilities 1,000,000 850,000 Long-term liabilities 3,000,000 2,400,000 Common stock 2,500,000 2,500,000 Retained earnings 9,500,000 8,250,000 Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below. 20Y2 20Y1 Current assets $ 1,500,000 $ 1,200,000 Property, plant, and equipment 12,500,000 10,800,000 Intangible assets 2,000,000 2,000,000 Current liabilities 1,000,000 850,000 Long-term liabilities 3,000,000 2,400,000 Common stock 2,500,000 2,500,000 Retained earnings 9,500,000 8,250,000 Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent Assets Current assets $1,500,000 % $1,200,000 % Property, plant, and equipment 12,500,000 % 10,800,000 % Intangible assets 2,000,000 % 2,000,000 % $16,000,000 Total assets % $14,000,000 % Liabilities Current liabilities $1,000,000 % $850,000 % 3,000,000 % 2,400,000 % Long-term liabilities Stockholders' equity Common stock 2,500,000 % 2,500,000 % Retained earnings 9,500,000 % 8,250,000 % Total liabilities and stockholders' equity $16,000,000 % $14,000,000 %
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