Question
Vertical Analysis of Balance Sheet Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below. 2014 2013
Vertical Analysis of Balance Sheet Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below.
2014 | 2013 | |||
Current assets | $324,800 | $182,640 | ||
Property, plant, and equipment | 588,700 | 525,090 | ||
Intangible assets | 101,500 | 53,270 | ||
Current liabilities | 213,150 | 106,540 | ||
Long-term liabilities | 436,450 | 372,890 | ||
Common stock | 81,200 | 76,100 | ||
Retained earnings | 284,200 | 205,470 |
-Prepare a comparative balance sheet for 2014 and 2013, 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.
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started