Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders' eqof the total liabilities and stockholders' equity. If required, round percentages to one decimal place.AssetsCurrent assetsProperty, plant, and equipmentIntangible assetsTotal assetsLiabilitiesCurrent liabilitiesLong-term liabilitiesStockholders' equity232,960Common stockRetained earningsTotal liabilities and stockholders' equityHanes CompanyComparative Balance SheetDecember 31, 20Y2 and 20Y120Y2 Amount 20Y2 Percent$266,240457,600108,160$832,000$183,040324,480%%%%%%91,520232,960$832,000 %180,960%%20Y1 Amount 20Y1 Percent$162,240418,08043,680$624,000$106,080249,60087,360180,960$624,000%%%%%%%% Vertical Analysis of Balance SheetBalance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below.Current assetsProperty, plant, and equipmentIntangible assetsCurrent liabilitiesLong-term liabilitiesCommon stockRetained earningsCurrent assets20Y2Assets266,240457,600108,160183,040324,48091,520232,96020Y1$266,240162,240%418,08043,680106,080Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders' equityof the total liabilities and stockholders' equity. If required, round percentages to one decimal place.249,60087,360180,960Hanes CompanyComparative Balance SheetDecember 31, 20Y2 and 20Y120Y2 Amount 20Y2 Percent20Y1 Amount 20Y1 Percent$162,240%

The Statement of Financial Position -The statement of financial position is the position of the…

Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders' ec of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. 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 $266,240 457,600 108,160 $832,000 $183,040 324,480 % % % % % % 91,520 % 232,960 E % $832,000 % 20Y1 Amount 20Y1 Percent $162,240 418,080 43,680 $624,000 $106,080 249,600 87,360 180,960 $624,000 % % % % % % % %

Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders' ec of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. 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 $266,240 457,600 108,160 $832,000 $183,040 324,480 % % % % % % 91,520 % 232,960 E % $832,000 % 20Y1 Amount 20Y1 Percent $162,240 418,080 43,680 $624,000 $106,080 249,600 87,360 180,960 $624,000 % % % % % % % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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