Question: Balance sheet data for Santa Fe Tile Company on December 31, the end of the fiscal year, are as follows: Prepare a comparative balance sheet

Balance sheet data for Santa Fe Tile Company on December 31, the end of the fiscal year, are as follows:


Balance sheet data for Santa Fe Tile Company on December


Prepare a comparative balance sheet for 2007 and 2006, 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 two decimalplaces.

2007 Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnin $260,000 500,000 40,000 170,000 210,000 50,000 370,000 2006 $200,000 450,000 50,000 150,000 200,000 50,000 300,000 gs

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