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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year $363,120 587,400 117,480 224,280 459,240 85,440
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year $363,120 587,400 117,480 224,280 459,240 85,440 299,040 Previous Year $216,270 536,670 48,060 128,160 360,450 80,100 232,290 Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings 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 Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total iabilities and stockholders' equity $1,068,000 $363,120 587,400 117,480 $1,068,000 $224,280 459,240 85,440 299,040 $216,270 536,670 48,060 $801,000 $128,160 360,450 80,100 232,290 $801,000
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