Balance sheet data for Hanes Company on December 31, the end of the fiscal year,
ID: 2463255 • Letter: B
Question
Balance sheet data for Hanes Company on December 31, the end of the fiscal year, are shown below.
Prepare a comparative balance sheet for 2012 and 2011, 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.
HANES COMPANY
Comparative Balance Sheet
December 31, 2012 and 2011
2012 Amount
2012 Percent
2011 Amount
2011 Percent
Current assets
$ 266,970
%
$ 151,750
%
Property, plant, and equipment
461,130
424,900
Intangible assets
80,900
30,350
Total assets
$ 809,000
%
$ 607,000
%
Current liabilities
$ 161,800
%
$ 84,980
%
Long-term liabilities
331,690
261,010
Common stock
80,900
72,840
Retained earnings
234,610
188,170
Total liabilities and stockholders' equity
$ 809,000
%
$ 607,000
%
2012 2011 Current assets 266,970 151,750 Property, plant, and equipment 461,130 424,900 Intangible assets 80,900 30,350 Current liabilities 161,800 84,980 Long-term liabilities 331,690 261,010 Common stock 80,900 72,840 Retained earnings 234,610 188,170Explanation / Answer
COMPARATIVE BALANCE SHEET Dec-31 2012 2011 AMOUNT % AMOUNT % Current Asstes 266970 33 151750 25 Property, Plant & Equipment 461130 57 424900 70 Intangible Assets 80900 10 30350 5 Total Assets 809000 100 607000 100 Current Liabilities 161800 20 84980 14 Long Term Liabilities 331690 41 261010 43 Common Stock 80900 10 72840 12 Retained Earnings 234610 29 188170 31 Total Liabilties & Stockholder's Equity 809000 100 607000 100
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.