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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 | 340,890 | 193,750 | ||
Property, plant, and equipment | 547,490 | 511,500 | ||
Intangible assets | 144,620 | 69,750 | ||
Current liabilities | 185,940 | 85,250 | ||
Long-term liabilities | 464,850 | 403,000 | ||
Common stock | 103,300 | 93,000 | ||
Retained earnings | 278,910 | 193,750 |
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 | $340,890 | % | $193,750 | % |
Property, plant, and equipment | 547,490 | % | 511,500 | % |
Intangible assets | 144,620 | % | 69,750 | % |
Total assets | $1,033,000 | % | $775,000 | % |
Liabilities | ||||
Current liabilities | $185,940 | % | $85,250 | % |
Long-term liabilities | 464,850 | % | 403,000 | % |
Stockholders' equity | ||||
Common stock | 103,300 | % | 93,000 | % |
Retained earnings | 278,910 | % | 193,750 | % |
Total liabilities and stockholders' equity | $1,033,000 | % | $775,000 | % |
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