Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below.

	20Y2		20Y1
Current assets	340,890		193,750
Property, plant, and equipment	547,490		511,500
Intangible assets	144,620		69,750
Current liabilities	185,940		85,250
Long-term liabilities	464,850		403,000
Common stock	103,300		93,000
Retained earnings	278,910		193,750

Prepare a comparative balance sheet for 20Y2 and 20Y1, 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.

Hanes Company
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
	20Y2 Amount	20Y2 Percent	20Y1 Amount	20Y1 Percent
Assets
Current assets	$340,890	%	$193,750	%
Property, plant, and equipment	547,490	%	511,500	%
Intangible assets	144,620	%	69,750	%
Total assets	$1,033,000	%	$775,000	%
Liabilities
Current liabilities	$185,940	%	$85,250	%
Long-term liabilities	464,850	%	403,000	%
Stockholders' equity
Common stock	103,300	%	93,000	%
Retained earnings	278,910	%	193,750	%
Total liabilities and stockholders' equity	$1,033,000	%	$775,000	%

Answer rating: 100% (QA)

To calculate the percentages one divides each item by the total assets fo... View the full answer