Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets $323,520 % $181,920 % Property, plant, and equipment 566,160 % 523,020 % Intangible assets 121,320 53,060 % Total assets $1,011,000 % $758,000 % Current liabilities $242,640 % $144,020 % Long-term liabilities 333,630 % 242,560 % Common stock 121,320 % 121,280 % Retained earnings 313,410 % 250,140 % Total liabilities and stockholders' equity $1,011,000 % $758,000 %

Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets $323,520 % $181,920 % Property, plant, and equipment 566,160 % 523,020 % Intangible assets 121,320 53,060 % Total assets $1,011,000 % $758,000 % Current liabilities $242,640 % $144,020 % Long-term liabilities 333,630 % 242,560 % Common stock 121,320 % 121,280 % Retained earnings 313,410 % 250,140 % Total liabilities and stockholders' equity $1,011,000 % $758,000 %

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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