Reference no: EM13597852

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.

• Current Assets 768,000 250,000
• Prop, plant, Equip 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.