View the step-by-step solution to:

20Y2 20Y1 Current assets 317,550 197,040 Property, plant, and equipment 624,150 566,490 Intangible assets 153,300 57,470 Current liabilities 219,000...

Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below.Screen Shot 2018-05-10 at 3.41.40 PM.pngScreen Shot 2018-05-10 at 3.41.55 PM.png

Screen Shot 2018-05-10 at 3.41.40 PM.png

20Y2 20Y1 Current assets 317,550 197,040
Property, plant, and equipment 624,150 566,490
Intangible assets 153,300 57,470
Current liabilities 219,000 114,940
Long—term liabilities 470,850 394,080
Common stock 87,600 90,310
> Retained earnings 317,550 221,670 Prepare a comparative balance sheet for 20Y2 and 20Y1, 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. If required, round percentages to one decimal place.

Screen Shot 2018-05-10 at 3.41.55 PM.png

Assets Current assets Property, plant, and equipment Intangible assets Total assets
Liabilities
Current liabilities Long-term liabilities
Stockholders' equity
Common stock Retained earnings Total liabilities and stockholders' equity Hanes Company Comparative Balance Sheet
December 31, 20Y2 and 20Y1 20Y2 Amount 20Y2 Percent $317,550 624,150 153,300 $1,095,000 $219,000
470,850 87,500 317,550 $1,095,000 59 5° 5‘3 5‘3 a? a'i 5° 5° 59 |011100u0000 20Y1 Amount $197,040
566,490 57,470 $821,000 $1 14,940
394,080 90,310
221,670 $821,000 20Y1 Percent 25 :5 BE 2% a? a? 3‘3 3‘3 |011100lflp00

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question