Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Current Year Previous Year $2,352,000 $1,900,000 4,536,000 4,712,000 1,512,000 988,000 1,848,000 1,444,000 2,520,000 2,888,000 1,260,000 2,772,000 Common stock Retained earnings 836,000 2,432,000 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. Round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current assets Current year year Amount Percent $2,352,000 Current Previous Previous year Amount % $1,900,000 year Percent % Property, plant, and equipment 4,536,000 % 4,712,000 % Intangible assets 1,512,000 %% 988,000 % Total assets $8,400,000 % $7,600,000 % Current liabilities $1,848,000 % $1,444,000 % Long-term liabilities 2,520,000 % 2,888,000 % Common stock 1,260,000 % 836,000 Check My Work Previous Next>