Vertical analysis of balance sheet Obj. 2 Balance sheet data for Alvarez Company on December 31, the
Question:
Vertical analysis of balance sheet Obj. 2 Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Current Year Previous Year Current assets $2,500,000 $1,840,000 Property, plant, and equipment 5,600,000 6,072,000 Intangible assets 1,900,000 1,288,000 Current liabilities 2,000,000 1,380,000 Long-term liabilities 3,400,000 3,680,000 Common stock 920,000 920,000 Retained earnings 3,680,000 3,220,000 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 percentages to one decimal place.
AppendixLO1
Step by Step Answer:
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones