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Vertical Analysis of Balance Sheet Balance sheet data for a company for the years ended December 31, 2012 and 20Y1, are shown below. 2012 2011
Vertical Analysis of Balance Sheet Balance sheet data for a company for the years ended December 31, 2012 and 20Y1, are shown below. 2012 2011 Current assets $752,000 $602,000 Property, plant, and equipment 6,248,000 5,397,000 Intangible assets 1,000,000 1,001,000 Current liabilities 504,000 427,000 Long-term liabilities 1,504,000 1,197,000 Common stock Retained earnings 1,248,000 4,744,000 1,253,000 4,123,000 Prepare a comparative balance sheet for 2012 and 20Y1, 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. Round your answers to one decimal place. Comparative Balance Sheet December 31, 2012 and 2011 2012 Amount 2012 Percent 2011 Amount 2011 Percent Assets Current assets $752,000 $602,000 Property, plant, and equipment 6,248,000 5,397,000 Intangible assets 1,000,000 1,001,000 Total assets $8,000,000 $7,000,000 Liabilities Current liabilities $504,000 $427,000 Long-term liabilities 1,504,000 1,197,000 Total liabilities $2,008,000 $1,624,000 Stockholders' equity Common stock 1,248,000 1,253,000 Retained earnings 4,744,000 4,123,000 Total stockholders' equity $5,992,000 $5,376,000 Total liabilities and stockholders' equity $8,000,000 $7,000,000
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