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Vertical Analysis of Balance Sheet Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below. 20Y2 20Y1

Vertical Analysis of Balance Sheet

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

20Y2 20Y1
Current assets 356,660 204,620
Property, plant, and equipment 576,950 527,290
Intangible assets 115,390 55,090
Current liabilities 209,800 125,920
Long-term liabilities 440,580 354,150
Common stock 115,390 110,180
Retained earnings 283,230 196,750

Prepare a comparative balance sheet for 20Y2 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. If required, round percentages to one decimal place.

Hanes Company
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent
Assets
Current assets $356,660 % $204,620 %
Property, plant, and equipment 576,950 % 527,290 %
Intangible assets 115,390 % 55,090 %
Total assets $1,049,000 % $787,000 %
Liabilities
Current liabilities $209,800 % $125,920 %
Long-term liabilities 440,580 % 354,150 %
Stockholders' equity
Common stock 115,390 % 110,180 %
Retained earnings 283,230 % 196,750 %
Total liabilities and stockholders' equity $1,049,000 % $787,000 %

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