Financial Accounting: P17-4 Balance sheet date for the Dover Hot Tub Company

Financial Accounting 
P17-4 
Balance sheet date for the Dover Hot Tub Company on December 31, the end of the fiscal year 
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.
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