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.

Score: 3/74

Novak Company

Comparative Balance Sheet

For the Years Ended December 31, 20--

1		Current Year	Current Year	Previous Year	Previous Year
2		Amount	Percent	Amount	Percent
3	Assets
4	Current assets	$1,300,000.00		$945,000.00
5	Property, plant, and equipment	3,000,000.00		3,150,000.00
6	Intangible assets	700,000.00		405,000.00
7	Total assets	$5,000,000.00		$4,500,000.00
8	Liabilities
9	Current liabilities	$1,000,000.00		$720,000.00
10	Long-term liabilities	1,500,000.00		1,575,000.00
11	Total liabilities	$2,500,000.00		$2,295,000.00
12	Stockholders Equity
13	Common stock	$500,000.00		$495,000.00
14	Retained earnings	2,000,000.00		1,710,000.00
15	Total stockholders equity	$2,500,000.00		$2,205,000.00
16	Total liabilities and stockholders equity	$5,000,000.00		$4,500,000.0