Vertical Analysis of Balance Sheet
Balance sheet data for Hanes Company on December 31, the end ofthe fiscal year, are shown below.
| 20Y2 | 20Y1 |
| Current assets | 288,900 | | 158,840 | |
| Property, plant, and equipment | 558,540 | | 512,620 | |
| Intangible assets | 115,560 | | 50,540 | |
| Current liabilities | 173,340 | | 79,420 | |
| Long-term liabilities | 394,830 | | 332,120 | |
| Common stock | 96,300 | | 93,860 | |
| Retained earnings | 298,530 | | 216,600 | |
Prepare a comparative balance sheet for 20Y2 and 20Y1, 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, 20Y2 and 20Y1 |
| 20Y2 Amount | 20Y2 Percent | 20Y1 Amount | 20Y1 Percent |
| Assets | | | | |
| Current assets | $288,900 | % | $158,840 | % |
| Property, plant, and equipment | 558,540 | % | 512,620 | % |
| Intangible assets | 115,560 | % | 50,540 | % |
| Total assets | $963,000 | % | $722,000 | % |
| Liabilities | | | | |
| Current liabilities | $173,340 | % | $79,420 | % |
| Long-term liabilities | 394,830 | % | 332,120 | % |
| Stockholders' equity | | | | |
| Common stock | 96,300 | % | 93,860 | % |
| Retained earnings | 298,530 | % | 216,600 | % |
| Total liabilities and stockholders' equity | $963,000 | % | $722,000 | % |
