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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 Year Previous

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 $2,352,000 $1,900,000
Property, plant, and equipment 4,536,000 4,712,000
Intangible assets 1,512,000 988,000
Current liabilities 1,848,000 1,444,000
Long-term liabilities 2,520,000 2,888,000
Common stock 1,260,000 836,000
Retained earnings 2,772,000 2,432,000

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.

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