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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.
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