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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 $243,000 $152,000
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $243,000 $152,000 419,520 Property, plant, and equipment 461,700 36.480 Intangible assets 105,300 Current liabilities 178,200 97,280 315,900 261,440 Long-term liabilities Common stock 72,900 79,040 Retained earnings 170,240 243,000 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. If required, round percentages to one decimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Previous Current Current Previous Amount Amount Percent Percent Current assets $243,000 $152,000 Property, plant, and equipment 461,700 % 419,520 % 105.300 36,480 Intangible assets $810,000 $608,000 Total assets Current liabilities $178,200 % $97,280 Long-term liabilities 315,900 261,440 Common stock 72,900 79,040 % 243.000 170,240 Retained earnings % $608.000 Total liabilities and stockholders' equity $810,000
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