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