Question
Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below. 2014 2013 Current assets $282,150 $166,660 Property,
Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below.
2014 | 2013 | |||
Current assets | $282,150 | $166,660 | ||
Property, plant, and equipment | 461,700 | 435,880 | ||
Intangible assets | 111,150 | 38,460 | ||
Current liabilities | 162,450 | 96,150 | ||
Long-term liabilities | 333,450 | 256,400 | ||
Common stock | 94,050 | 83,330 | ||
Retained earnings | 265,050 | 205,120 |
Prepare a comparative balance sheet for 2014 and 2013, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place.
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