Prepare a comparative balance sheet

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Balance sheet data for the Dover Hot Tub Company on December 31,the end of the fiscal year are as follows:

                                                                       2008                           2007

Currentassets                                                 768,000                     250,000

Property, plant andequipment                       336,000                      650,000

Intangibleassets                                             96,000                        100,000

Currentliabilities                                            270,000                      175,000

Long-termliabilities                                       300,000                      255,000

Commonstock                                               60,000                        70,000

Retainedearnings                                          570,000                      500,000

Prepare a comparative balance sheet for 2008 and 2007,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 to onedecimal place.

Reference no: EM13257775

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