Calculate the percentage of Splish acquired by Novak Company. Percentage of Splish acquired %

On January 1.2024. Novak Company purchased 7.392 shares of Splish Company's common stock for $128.000. Immcdiatcly after thc stock acquisition. thc statements of financial position of Novak and Splish appeared as follows: Cash Accounts receivable Inventory Investmcnt in Splish Company Plant assets Accumulated depreciationplant assets Total Ljab&s md Ond Equty Current liabilities Mortgage notes payable Common stock. $ 10 par value Other contributed capital Retained earnings Total $42.690 57,820 38.010 128.000 149,890 (50.300) $366.110 S18,230 36.140 118,710 131.310 61.720 $366,110 "7.400 30,850 23.950 106,800 (17.750) "61.250 $27,130 92.400 15.220 26,500 $161,250 Calculate the percentage of Splish acquired by Novak Company. Percentage of Splish acquired