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 $377,300 $218,430

Property, plant, and equipment 582,120 542,030

Intangible assets 118,580 48,540

Current liabilities 247,940 129,440

Long-term liabilities 366,520 307,420

Common stock 118,580 121,350

Retained earnings 344,960 250,790

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.

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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $377,300 % $218,430 % Property, plant, and equipment 582,120 542,030 % % Intangible assets 118,580 %a 48,540 % Total assets $1,078,000 % $809,000 % Current liabilities $247,940 % % $129,440 % Long-term liabilities 366,520 % 307,420 % Common stock 118,580 % 121,350 % Retained earnings 344,960 % % 250,790 % Total liabilities and stockholders' equity $1,078,000 % $809,000 % Check My Work Previous Next >