Balance sheet data for Kwan Company on December 31, the end of two recent fiscal...
70.2K
Verified Solution
Question
Accounting
Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow:
Current Year | Previous Year | |||
Current assets | $323,640 | $187,920 | ||
Property, plant, and equipment | 574,200 | 516,780 | ||
Intangible assets | 146,160 | 78,300 | ||
Current liabilities | 229,680 | 117,450 | ||
Long-term liabilities | 375,840 | 305,370 | ||
Common stock | 125,280 | 117,450 | ||
Retained earnings | 313,200 | 242,730 |
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.
Current year Amount | Current year Percent | Previous year Amount | Previous year Percent | |
Current assets | $323,640 | fill in the blank % | $187,920 | fill in the blank % |
Property, plant, and equipment | 574,200 | fill in the blank % | 516,780 | fill in the blank % |
Intangible assets | 146,160 | fill in the blank % | 78,300 | fill in the blank % |
Total assets | $1,044,000 | fill in the blank % | $783,000 | fill in the blank % |
Current liabilities | $229,680 | fill in the blank % | $117,450 | fill in the blank % |
Long-term liabilities | 375,840 | fill in the blank % | 305,370 | fill in the blank % |
Common stock | 125,280 | fill in the blank % | 117,450 | fill in the blank % |
Retained earnings | 313,200 | fill in the blank % | 242,730 | fill in the blank % |
Total liabilities and stockholders' equity | $1,044,000 | fill in the blank % | $783,000 | fill in the blank % |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.