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
|
|
Property, plant, and equipment
|
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.