Vertical Analysis of Balance Sheet

Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:

	Current Year		Previous Year
Current assets	$245,700		$153,500
Property, plant, and equipment	483,210		417,520
Intangible assets	90,090		42,980
Current liabilities	147,420		67,540
Long-term liabilities	343,980		276,300
Common stock	81,900		73,680
Retained earnings	245,700		196,480

Prepare a comparative balance sheet for both years, 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.

Kwan Company
Comparative Balance Sheet
For the Years Ended December 31
	Current year Amount	Current year Percent	Previous year Amount	Previous year Percent
Current assets	$245,700	%	$153,500	%
Property, plant, and equipment	483,210	%	417,520	%
Intangible assets	90,090	%	42,980	%
Total assets	$819,000	%	$614,000	%
Current liabilities	$147,420	%	$67,540	%
Long-term liabilities	343,980	%	276,300	%
Common stock	81,900	%	73,680	%
Retained earnings	245,700	%	196,480	%
Total liabilities and stockholders' equity	$819,000	%	$614,000	%