Question
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $292,740 $174,420
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $292,740 $174,420 Property, plant, and equipment 456,330 406,980 Intangible assets 111,930 64,600 Current liabilities 206,640 109,820 Long-term liabilities 335,790 284,240 Common stock 86,100 90,440 Retained earnings 232,470 161,500 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.
Vertical Analysis of Balance SheetStep by Step Solution
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