Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown
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Question:
Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below.
20Y2 | 20Y1 | |||
Current assets | $ 752,000 | $ 602,000 | ||
Property, plant, and equipment | 6,248,000 | 5,397,000 | ||
Intangible assets | 1,000,000 | 1,001,000 | ||
Current liabilities | 504,000 | 427,000 | ||
Long-term liabilities | 1,504,000 | 1,197,000 | ||
Common stock | 1,248,000 | 1,253,000 | ||
Retained earnings | 4,744,000 | 4,123,000 |
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. Round your answers to one decimal place.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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