Question - 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.
2008 2007
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.