Question
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current YearPrevious Year Current assets$248,700$136,840Property, plant, and equipment472,530441,620Intangible
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:
Current YearPrevious Year Current assets$248,700$136,840Property, plant, and equipment472,530441,620Intangible assets107,77043,540Current liabilities157,51093,300Long-term liabilities348,180273,680Common stock74,61080,860Retained earnings248,700174,160
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 CompanyComparative Balance SheetFor the Years Ended December 31Current year AmountCurrent year PercentPrevious year AmountPrevious year PercentCurrent assets$248,700%$136,840%Property, plant, and equipment472,530%441,620%Intangible assets107,770%43,540%Total assets$829,000%$622,000%Current liabilities$157,510%$93,300%Long-term liabilities348,180%273,680%Common stock74,610%80,860%Retained earnings248,700%174,160%Total liabilities and stockholders' equity$829,000%$622,000%
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