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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 $260,710 $145,130
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:
Current Year | Previous Year | |||
Current assets | $260,710 | $145,130 | ||
Property, plant, and equipment | 496,190 | 454,320 | ||
Intangible assets | 84,100 | 31,550 | ||
Current liabilities | 159,790 | 88,340 | ||
Long-term liabilities | 319,580 | 252,400 | ||
Common stock | 100,920 | 100,960 | ||
Retained earnings | 260,710 | 189,300 |
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 | $260,710 | % | $145,130 | % |
Property, plant, and equipment | 496,190 | % | 454,320 | % |
Intangible assets | 84,100 | % | 31,550 | % |
Total assets | $841,000 | % | $631,000 | % |
Current liabilities | $159,790 | % | $88,340 | % |
Long-term liabilities | 319,580 | % | 252,400 | % |
Common stock | 100,920 | % | 100,960 | % |
Retained earnings | 260,710 | % | 189,300 | % |
Total liabilities and stockholders' equity | $841,000 | % | $631,000 | % |
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