Prepare a comparative balance sheet for 2008 and 2007

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Balance sheet data for the Dover Hot Tub Company on December 31, the end of the fiscal year, are shown at the top of the following page.

 

2008

2007

Current assets

$768,000

$250,000

Property, plant, and equipment

336,000

650,000

Intangible assets

96,000

100,000

Current liabilities

270,000

175,000

Long-term liabilities

300,000

255,000

Common stock

60,000

70,000

Retained earnings

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 one decimal place.

Reference no: EM13574794

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