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Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: begin{tabular}{lrr} & Current Year & Previous Year
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:
\begin{tabular}{lrr} & Current Year & Previous Year \\ \hline Current assets & $297,900 & $163,900 \\ Property, plant, and equipment & 566,010 & 521,500 \\ Intangible assets & 129,090 & 59,600 \\ Current liabilities & 228,390 & 119,200 \\ Long-term liabilities & 397,200 & 350,150 \\ Common stock & 99,300 & 89,400 \\ Retained earnings & 268,110 & 186,250 \end{tabular} 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 reatired. round nerrentanes to one derimal nlareStep by Step Solution
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