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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Vertical Analysis of Balance Sheet Balance sheet data

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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:

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Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $315,520 $180,960 Property, plant, and equipment 519,680 494, 160 Intangible assets 92,800 20,880 Current liabilities 176,320 83,520 Long-term liabilities 389,760 320,160 Common stock 111,360 111,360 Retained earnings 250,560 180,960 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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $315,520 % $180,960 % Property, plant, and equipment 519,680 % 494,160 Intangible assets 92,800 20,880 Total assets $928,000 $696,000Alvarez Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year yea year Amount Percent Amount Percent Current assets $315 , 520 As $180 960 19% Property , plant , and equipment 519 680 18 494 160 1 Intangible assets 92 800 A 20 880 19% Total assets $928 090 19 / $696 , 000 to Current liabilities $176 320 $83, 520 Long-term liabilities 389 760 320 160 18 Common stock 1 11 360 10 1 11 360 Retained earnings 250, 560 180 960 Total liabilities and stockholders equity $928, 090 10 $696, 000 196

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