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 $289,000 $172,260 Property, plant, and equipment 467,500 433,840 Intangible assets 93,500 31,900 Current liabilities 153,000 70,180 Long-term liabilities 348,500 287,100 Common stock 76,500 70,180 Retained earnings 272,000 210,540
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
$ 289,000
%
$ 172,260
%
Property, plant, and equipment
467,500
%
433,840
%
Intangible assets
93,500
%
31,900
%
Total assets
$ 850,000
%
$ 638,000
%
Current liabilities
$ 153,000
%
$ 70,180
%
Long-term liabilities
348,500
%
287,100
%
Common stock
76,500
%
70,180
%
Retained earnings
272,000
%
210,540
%
Total liabilities and stockholders' equity
$ 850,000
%
$ 638,000
%
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 | $289,000 | $172,260 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, plant, and equipment | 467,500 | 433,840 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible assets | 93,500 | 31,900 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current liabilities | 153,000 | 70,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Long-term liabilities | 348,500 | 287,100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Common stock | 76,500 | 70,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained earnings | 272,000 | 210,540 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.
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Related questions
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 | ||
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.
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Balance sheet data for Alvarez Company on December 31, the endof two recent fiscal years, follows:
| Current Year | Previous Year | |||
| Current assets | $326,120 | $205,140 | ||
| Property, plant, and equipment | 578,600 | 512,850 | ||
| Intangible assets | 147,280 | 71,010 | ||
| Current liabilities | 231,440 | 126,240 | ||
| Long-term liabilities | 431,320 | 355,050 | ||
| Common stock | 94,680 | 102,570 | ||
| Retained earnings | 294,560 | 205,140 | ||
Prepare a comparative balance sheet for both years, stating eachasset 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.
| Alvaraz Company | ||||
| Comparative Balance Sheet | ||||
| Forthe Years Ended December 31 | ||||
| Current year Amount | Current year Percent | Previous year Amount | Previous year Percent | |
| Current assets | $326,120 | % | $205,140 | % |
| Property, plant, and equipment | 578,600 | % | 512,850 | % |
| Intangible assets | 147,280 | % | 71,010 | % |
| Total assets | $1,052,000 | % | $789,000 | % |
| Current liabilities | $231,440 | % | $126,240 | % |
| Long-term liabilities | 431,320 | % | 355,050 | % |
| Common stock | 94,680 | % | 102,570 | % |
| Retained earnings | 294,560 | % | 205,140 | % |
| Total liabilities and stockholders'equity | $1,052,000 | % | $789,000 | % |
