Vertical analysis of balance sheet Obj. 2 Balance sheet data for Alvarez Company on December 31, the

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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

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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