Reference no: EM131262645
Balance sheet data for Novak Company on December 31, the end of two recent fiscal years, follows: 1 Current Year Previous Year 2 Current assets $1,742,000.00 $1,302,000.00 3 Property, plant, and equipment 4,087,000.00 4,216,000.00 4 Intangible assets 871,000.00 682,000.00 5 Current liabilities 1,139,000.00 1,116,000.00 6 Long-term liabilities 1,742,000.00 1,984,000.00 7 Common stock 670,000.00 682,000.00 8 Retained earnings 3,149,000.00 2,418,000.00 Prepare a comparative balance sheet for both years, 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.
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: Balance sheet data for Novak Company on December 31, the end of two recent fiscal years, follows: 1 Current Year Previous Year 2 Current assets $1,742,000.00 $1,302,000.00 3 Property, Prepare a comparative balance sheet for both years, stating each a..
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