ertical 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 $278,110 $150,990 Property, plant, and equipment 575,400 517,680 Intangible assets 105,490 50,330 Current liabilities 182,210 100,660 Long-term liabilities 412,370 309,170 Common stock 95,900 93,470 Retained earnings 268,520 215,700 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 assets $278,110 fill in the blank 1% $150,990 fill in the blank 2% Property, plant, and equipment 575,400 fill in the blank 3% 517,680 fill in the blank 4% Intangible assets 105,490 fill in the blank 5% 50,330 Total assets $959,000 fill in the blank 7% $719,000 fill in the blank 8% Current liabilities $182,210 fill in the blank 9% $100,660 fill in the blank 10% Long-term liabilities 412,370 fill in the blank 11% 309,170 fill in the blank 12% Common stock 95,900 fill in the blank 13% 93,470 fill in the blank 14% Retained earnings 268,520 fill in the blank 15% 215,700 fill in the blank 16% Total liabilities and stockholders' equity$959,000fill in the blank 17%$719,000fill in the blank 18%.
ertical 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 $278,110 $150,990 Property, plant, and equipment 575,400 517,680 Intangible assets 105,490 50,330 Current liabilities 182,210 100,660 Long-term liabilities 412,370 309,170 Common stock 95,900 93,470 Retained earnings 268,520 215,700 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 assets $278,110 fill in the blank 1% $150,990 fill in the blank 2% Property, plant, and equipment 575,400 fill in the blank 3% 517,680 fill in the blank 4% Intangible assets 105,490 fill in the blank 5% 50,330 Total assets $959,000 fill in the blank 7% $719,000 fill in the blank 8% Current liabilities $182,210 fill in the blank 9% $100,660 fill in the blank 10% Long-term liabilities 412,370 fill in the blank 11% 309,170 fill in the blank 12% Common stock 95,900 fill in the blank 13% 93,470 fill in the blank 14% Retained earnings 268,520 fill in the blank 15% 215,700 fill in the blank 16% Total liabilities and stockholders' equity$959,000fill in the blank 17%$719,000fill in the blank 18%.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4E
Related questions
Question
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 | $278,110 | $150,990 | ||
Property, plant, and equipment | 575,400 | 517,680 | ||
Intangible assets | 105,490 | 50,330 | ||
Current liabilities | 182,210 | 100,660 | ||
Long-term liabilities | 412,370 | 309,170 | ||
Common stock | 95,900 | 93,470 | ||
268,520 | 215,700 |
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and
Kwan Company
Comparative Balance Sheet
For the Years Ended December 31
Current assets | $278,110 | fill in the blank 1% | $150,990 |
fill in the blank 2% |
Property, plant, and equipment | 575,400 | fill in the blank 3% | 517,680 | fill in the blank 4% |
Intangible assets | 105,490 | fill in the blank 5% | 50,330 |
Total assets | $959,000 | fill in the blank 7% | $719,000 | fill in the blank 8% |
Current liabilities | $182,210 | fill in the blank 9% | $100,660 | fill in the blank 10% |
Long-term liabilities | 412,370 | fill in the blank 11% | 309,170 | fill in the blank 12% |
Common stock | 95,900 | fill in the blank 13% | 93,470 | fill in the blank 14% |
Retained earnings | 268,520 | fill in the blank 15% | 215,700 | fill in the blank 16% |
Total liabilities and stockholders' equity$959,000fill in the blank 17%$719,000fill in the blank 18%.
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