Prepare a comparative balance sheet


Balance sheet data for the Dover Hot Tub Company on December 31, the end of the fiscal year, are shown at the top of the following page.

  • Current Assets 768,000 250,000
  • Prop, plant, Equip 336,000 650,000
  • Intangible assets 96,000 100,000
  • Current Liabilities 270,000 175,000
  • Long-term liabilities 300,000 255,000
  • Common Stock 60,000 70,000
  • Retained Earnings 570,000 500,000

Prepare a comparative balance sheet for 2008 and 2007, 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. Round to one decimal place.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Prepare a comparative balance sheet
Reference No:- TGS0705352

Expected delivery within 24 Hours