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Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $345,920 $210,860
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:
Current Year | Previous Year | |||
Current assets | $345,920 | $210,860 | ||
Property, plant, and equipment | 616,170 | 559,590 | ||
Intangible assets | 118,910 | 40,550 | ||
Current liabilities | 248,630 | 137,870 | ||
Long-term liabilities | 389,160 | 324,400 | ||
Common stock | 108,100 | 113,540 | ||
Retained earnings | 335,110 | 235,190 |
Prepare a comparative balance sheet for both years, 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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