ertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $278,110 $150,990 Property, plant, and equipment 575,400 517,680 Intangible assets 105,490 50,330 Current liabilities 182,210 100,660 Long-term liabilities 412,370 309,170 Common stock 95,900 93,470 Retained earnings 268,520 215,700 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. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current assets $278,110 fill in the blank 1% $150,990 fill in the blank 2% Property, plant, and equipment 575,400 fill in the blank 3% 517,680 fill in the blank 4% Intangible assets 105,490 fill in the blank 5% 50,330 Total assets $959,000 fill in the blank 7% $719,000 fill in the blank 8% Current liabilities $182,210 fill in the blank 9% $100,660 fill in the blank 10% Long-term liabilities 412,370 fill in the blank 11% 309,170 fill in the blank 12% Common stock 95,900 fill in the blank 13% 93,470 fill in the blank 14% Retained earnings 268,520 fill in the blank 15% 215,700 fill in the blank 16% Total liabilities and stockholders' equity$959,000fill in the blank 17%$719,000fill in the blank 18%.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4E

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Question

Vertical Analysis of Balance Sheet

Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:

	Current Year	Previous Year
Current assets	$278,110		$150,990
Property, plant, and equipment	575,400		517,680
Intangible assets	105,490		50,330
Current liabilities	182,210		100,660
Long-term liabilities	412,370		309,170
Common stock	95,900		93,470
Retained earnings	268,520		215,700

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.

Kwan Company
Comparative Balance Sheet

For the Years Ended December 31

Current assets

$278,110

fill in the blank 1%

$150,990

fill in the blank 2%

Property, plant, and equipment	575,400	fill in the blank 3%	517,680	fill in the blank 4%
Intangible assets	105,490	fill in the blank 5%	50,330

Total assets	$959,000	fill in the blank 7%	$719,000	fill in the blank 8%
Current liabilities	$182,210	fill in the blank 9%	$100,660	fill in the blank 10%
Long-term liabilities	412,370	fill in the blank 11%	309,170	fill in the blank 12%
Common stock	95,900	fill in the blank 13%	93,470	fill in the blank 14%
Retained earnings	268,520	fill in the blank 15%	215,700	fill in the blank 16%