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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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