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Vertical Analysis of Balance Sheet Balance sheet data for Hanes Company on December 31, the end...

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Accounting

Vertical Analysis of Balance Sheet

Balance sheet data for Hanes Company on December 31, the end ofthe fiscal year, are shown below.

20Y220Y1
Current assets288,900158,840
Property, plant, and equipment558,540512,620
Intangible assets115,56050,540
Current liabilities173,34079,420
Long-term liabilities394,830332,120
Common stock96,30093,860
Retained earnings298,530216,600

Prepare a comparative balance sheet for 20Y2 and 20Y1, statingeach asset as a percent of total assets and each liability andstockholders' equity item as a percent of the total liabilities andstockholders' equity. If required, round percentages to one decimalplace.

Hanes Company
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 Amount20Y2 Percent20Y1 Amount20Y1 Percent
Assets
Current assets$288,900%$158,840%
Property, plant, and equipment558,540%512,620%
Intangible assets115,560%50,540%
Total assets$963,000%$722,000%
Liabilities
Current liabilities$173,340%$79,420%
Long-term liabilities394,830%332,120%
Stockholders' equity
Common stock96,300%93,860%
Retained earnings298,530%216,600%
Total liabilities and stockholders' equity$963,000%$722,000%

Answer & Explanation Solved by verified expert
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A Vertical analysis shows the relative value of an item of thefinancial    See Answer
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