Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years,...
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Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets Current Year Prior Year $1,900,000 Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings $2,352,000 4,536,000 4,712,000 1,512,000 988,000 1,848,000 1,444,000 2,520,000 2,888,000 1,260,000 2,772,000 836,000 2,432,000 total assets and each liability and stockholders' equity item as a percent of the total Prepare a comparative balance sheet for both years, stating each asset as a percent of liabilities and stockholders' equity. Round percentages to one decimal place. Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current assets Current Year Prior Year $1,900,000 Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings $2,352,000 4,536,000 4,712,000 1,512,000 988,000 1,848,000 1,444,000 2,520,000 2,888,000 1,260,000 2,772,000 836,000 2,432,000 total assets and each liability and stockholders' equity item as a percent of the total Prepare a comparative balance sheet for both years, stating each asset as a percent of liabilities and stockholders' equity. Round percentages to one decimal place.
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