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Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets
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 Common stock Retained earnings Current Year Previous Year $281,880 $174,960 583,200 495,720 106,920 58,320 184,680 94,770 408,240 349,920 87,480 80,190 291,600 204,120 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability ar percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place.
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