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The comparative balance sheet of Splish Brothers Company appears below: SPLISH BROTHERS COMPANY Comparative Balance Sheet December 31, Assets Current assets Plant assets Total assets

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The comparative balance sheet of Splish Brothers Company appears below: SPLISH BROTHERS COMPANY Comparative Balance Sheet December 31, Assets Current assets Plant assets Total assets Liabilities and stockholders' equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity 2022 $450 700 $1.150 2021 $240 590 $830 $200 310 190 $120 190 240 280 $830 450 $1.150 Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to O decimal places, eg, 12%) SPLISH BROTHERS COMPANY Comparative Balance Sheet December 31 2022 2021 Assets Amount Percentage Amount Percentage Current assets $450 % $240 % 700 % 590 Plant assets % $1.150 $830 96 Total assets Liabilities and stockholders' equity Current liabilities $200 $120 310 190 Long-term debt $200 % %6 $120 310 % 190 %6 Liabilities and stockholders' equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders equity 190 240 450 280 $1,150 % $830

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