Question
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current YearPrevious Year Current assets$2,500,000$1,840,000Property, plant, and equipment5,600,0006,072,000Intangible
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Current YearPrevious YearCurrent assets$2,500,000$1,840,000Property, plant, and equipment5,600,0006,072,000Intangible assets1,900,0001,288,000Current liabilities2,000,0001,380,000Long-term liabilities3,400,0003,680,000Common stock920,000920,000Retained earnings3,680,0003,220,000
Prepared 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. Round percentages to one decimal place.
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