Question

Vertical Analysis of Balance Sheet

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

	2014		2013
Current assets	$263,100		$157,920
Property, plant, and equipment	499,890		434,280
Intangible assets	114,010		65,800
Current liabilities	201,710		125,020
Long-term liabilities	333,260		250,040
Common stock	87,700		78,960
Retained earnings	254,330		203,980

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Prepare a comparative balance sheet for 2014 and 2013, statingeach asset as a percent of total assets and each liability andstockholders' equity item as a percent of the total liabilities andstockholders' equity. If required, round percentages to one decimalplace.

Hanes Company
Comparative Balance Sheet
December 31, 2014 and 2013
		2014 Amount		2014 Percent		2013 Amount		2013 Percent
Current assets		$ 263,100		% Correct 10		$ 157,920		% Correct 12
Property, plant, and equipment		499,890		% Correct 15		434,280		% Correct 17
Intangible assets		114,010		% Correct 20		65,800		% Correct 22
Total assets		$ 877,000		% Correct 25		$ 658,000		% Correct 27
Current liabilities		$ 201,710		% Correct 30		$ 125,020		% Correct 32
Long-term liabilities		333,260		% Correct 35		250,040		% Correct 37
Common stock		87,700		% Correct 40		78,960		% Correct 42
Retained earnings		254,330		% Correct 45		203,980		% Correct 47
Total liabilities and stockholders' equity		$ 877,000		% Correct 50		$ 658,000		%