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 $308,140   $179,040   Property, plant, and equipment 576,520   522,200   Intangible assets 109,340   44,760   Current liabilities 228,620   134,280   Long-term liabilities 397,600   313,320   Common stock 99,400   104,440   Retained earnings 268,380   193,960   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 CompanyComparative Balance SheetFor the Years Ended December 31   Current year Amount Current year Percent Previous year Amount Previous year Percent Current assets $308,140 fill in the blank 1% $179,040 fill in the blank 2% Property, plant, and equipment 576,520 fill in the blank 3% 522,200 fill in the blank 4% Intangible assets 109,340 fill in the blank 5% 44,760 fill in the blank 6% Total assets $994,000 fill in the blank 7% $746,000 fill in the blank 8% Current liabilities $228,620 fill in the blank 9% $134,280 fill in the blank 10% Long-term liabilities 397,600 fill in the blank 11% 313,320 fill in the blank 12% Common stock 99,400 fill in the blank 13% 104,440 fill in the blank 14% Retained earnings 268,380 fill in the blank 15% 193,960 fill in the blank 16% Total liabilities and stockholders' equity $994,000 fill in the blank 17% $746,000 fill in the blank 18%

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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 Year
Current assets $308,140   $179,040  
Property, plant, and equipment 576,520   522,200  
Intangible assets 109,340   44,760  
Current liabilities 228,620   134,280  
Long-term liabilities 397,600   313,320  
Common stock 99,400   104,440  
Retained earnings 268,380   193,960  

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 CompanyComparative Balance SheetFor the Years Ended December 31

  Current
year
Amount
Current
year
Percent
Previous
year
Amount
Previous
year
Percent
Current assets $308,140 fill in the blank 1% $179,040 fill in the blank 2%
Property, plant, and equipment 576,520 fill in the blank 3% 522,200 fill in the blank 4%
Intangible assets 109,340 fill in the blank 5% 44,760 fill in the blank 6%
Total assets $994,000 fill in the blank 7% $746,000 fill in the blank 8%
Current liabilities $228,620 fill in the blank 9% $134,280 fill in the blank 10%
Long-term liabilities 397,600 fill in the blank 11% 313,320 fill in the blank 12%
Common stock 99,400 fill in the blank 13% 104,440 fill in the blank 14%
Retained earnings 268,380 fill in the blank 15% 193,960 fill in the blank 16%
Total liabilities and stockholders' equity $994,000 fill in the blank 17% $746,000 fill in the blank 18%

 

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