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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 $306,900 $170,890
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:
Current Year | Previous Year | |||
Current assets | $306,900 | $170,890 | ||
Property, plant, and equipment | 554,400 | 497,810 | ||
Intangible assets | 128,700 | 74,300 | ||
Current liabilities | 178,200 | 81,730 | ||
Long-term liabilities | 425,700 | 349,210 | ||
Common stock | 108,900 | 111,450 | ||
Retained earnings | 277,200 | 200,610 |
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.
Current year Amount | Current year Percent | Previous year Amount | Previous year Percent | |
Current assets | $306,900 | fill in the blank 1% | $170,890 | fill in the blank 2% |
Property, plant, and equipment | 554,400 | fill in the blank 3% | 497,810 | fill in the blank 4% |
Intangible assets | 128,700 | fill in the blank 5% | 74,300 | fill in the blank 6% |
Total assets | $990,000 | fill in the blank 7% | $743,000 | fill in the blank 8% |
Current liabilities | $178,200 | fill in the blank 9% | $81,730 | fill in the blank 10% |
Long-term liabilities | 425,700 | fill in the blank 11% | 349,210 | fill in the blank 12% |
Common stock | 108,900 | fill in the blank 13% | 111,450 | fill in the blank 14% |
Retained earnings | 277,200 | fill in the blank 15% | 200,610 | fill in the blank 16% |
Total liabilities and stockholders' equity | $990,000 | fill in the blank 17% | $743,000 | fill in the blank 18% |
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