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%

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

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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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