Exercise 17-4 (Algorithmic) Vertical Analysis of Balance Sheet

Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below.

	2012		2011
Current assets	347,200		208,320
Property, plant, and equipment	535,680		498,480
Intangible assets	109,120		37,200
Current liabilities	208,320		104,160
Long-term liabilities	386,880		312,480
Common stock	99,200		96,720
Retained earnings	297,600		230,640