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Prepare a comparative balance sheet

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Reference no: EM132684283

Problem - Vertical analysis of balance sheet

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

 

2012

2011

Current assets

$775,000

$585,000

Property, plant, and equipment

1,425,000

1,597,500

Intangible assets

300,000

67,500

Current liabilities

525,000

360,000

Long-term liabilities

900,000

855,000

Common stock

250,000

270,000

Retained earnings

825,000

765,000

Required - Prepare a comparative balance sheet for 2012 and 2011, 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 one decimal place.

Reference no: EM132684283

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