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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $250,200 $156,500
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:
Current Year | Previous Year | |||
Current assets | $250,200 | $156,500 | ||
Property, plant, and equipment | 483,720 | 419,420 | ||
Intangible assets | 100,080 | 50,080 | ||
Current liabilities | 191,820 | 100,160 | ||
Long-term liabilities | 316,920 | 256,660 | ||
Common stock | 100,080 | 87,640 | ||
Retained earnings | 225,180 | 181,540 |
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. If required, round percentages to one decimal place.
Alvaraz Company | ||||
Comparative Balance Sheet | ||||
For the Years Ended December 31 | ||||
Current year Amount | Current year Percent | Previous year Amount | Previous year Percent | |
Current assets | $250,200 | % | $156,500 | % |
Property, plant, and equipment | 483,720 | % | 419,420 | % |
Intangible assets | 100,080 | % | 50,080 | % |
Total assets | $834,000 | % | $626,000 | % |
Current liabilities | $191,820 | % | $100,160 | % |
Long-term liabilities | 316,920 | % | 256,660 | % |
Common stock | 100,080 | % | 87,640 | % |
Retained earnings | 225,180 | % | 181,540 | % |
Total liabilities and stockholders' equity | $834,000 | % | $626,000 | % |
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