Balance sheet data for Novak Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $1,300,000 $ 945,000 Property, plant, and equipment Intangible assets Current liabilities 3,000,000 3,150,000 700,000 405,000 1,000,000 720,000 Long-term liabilities Common stock 1,500,000 1,575,000 500,000 495,000 Retained earnings 2,000,000 1,710,000 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. Round to one decimal place.
Balance sheet data for Novak Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $1,300,000 $ 945,000 Property, plant, and equipment Intangible assets Current liabilities 3,000,000 3,150,000 700,000 405,000 1,000,000 720,000 Long-term liabilities Common stock 1,500,000 1,575,000 500,000 495,000 Retained earnings 2,000,000 1,710,000 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. Round to one decimal place.
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.9BE
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