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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 $323,640 $187,920
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:
Current Year | Previous Year | |||
Current assets | $323,640 | $187,920 | ||
Property, plant, and equipment | 574,200 | 516,780 | ||
Intangible assets | 146,160 | 78,300 | ||
Current liabilities | 229,680 | 117,450 | ||
Long-term liabilities | 375,840 | 305,370 | ||
Common stock | 125,280 | 117,450 | ||
Retained earnings | 313,200 | 242,730 |
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 | $323,640 | fill in the blank % | $187,920 | fill in the blank % |
Property, plant, and equipment | 574,200 | fill in the blank % | 516,780 | fill in the blank % |
Intangible assets | 146,160 | fill in the blank % | 78,300 | fill in the blank % |
Total assets | $1,044,000 | fill in the blank % | $783,000 | fill in the blank % |
Current liabilities | $229,680 | fill in the blank % | $117,450 | fill in the blank % |
Long-term liabilities | 375,840 | fill in the blank % | 305,370 | fill in the blank % |
Common stock | 125,280 | fill in the blank % | 117,450 | fill in the blank % |
Retained earnings | 313,200 | fill in the blank % | 242,730 | fill in the blank % |
Total liabilities and stockholders' equity | $1,044,000 | fill in the blank % | $783,000 | fill in the blank % |
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