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Business · Accounting
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Balance sheet data for Novak Company on December 31, the end of two recent fiscal years, follows:
Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings
Current Year
$1,300,000

3,000,000

700,000

1,000,000

1,500,000

500,000

2,000,000
Previous Year
$ 945,000

3,150,000

405,000

720,000

1,575,000

495,000

1,710,000
Prepare a comparative balance sheet for both years, 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.

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