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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 $304,000 $192,510
Property, plant, and equipment 532,000 484,840
Intangible assets 114,000 35,650
Current liabilities 218,500 135,470
Long-term liabilities 351,500 256,680
Common stock 104,500 99,820
Retained earnings 275,500 221,030

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 year Amount Current year Percent Previous year Amount Previous year Percent
Current assets $304,000 fill in the blank 1% $192,510 fill in the blank 2%
Property, plant, and equipment 532,000 fill in the blank 3% 484,840 fill in the blank 4%
Intangible assets 114,000 fill in the blank 5% 35,650 fill in the blank 6%
Total assets $950,000 fill in the blank 7% $713,000 fill in the blank 8%
Current liabilities $218,500 fill in the blank 9% $135,470 fill in the blank 10%
Long-term liabilities 351,500 fill in the blank 11% 256,680 fill in the blank 12%
Common stock 104,500 fill in the blank 13% 99,820 fill in the blank 14%
Retained earnings 275,500 fill in the blank 15% 221,030 fill in the blank 16%
Total liabilities and stockholders' equity $950,000 fill in the blank 17% $713,000 fill in the blank 18

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