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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 $259,780 $157,250
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:
Current Year | Previous Year | |||
Current assets | $259,780 | $157,250 | ||
Property, plant, and equipment | 477,660 | 434,010 | ||
Intangible assets | 100,560 | 37,740 | ||
Current liabilities | 175,980 | 100,640 | ||
Long-term liabilities | 326,820 | 270,470 | ||
Common stock | 92,180 | 88,060 | ||
Retained earnings | 243,020 | 169,830 |
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 | $259,780 | % | $157,250 | % |
Property, plant, and equipment | 477,660 | % | 434,010 | % |
Intangible assets | 100,560 | % | 37,740 | % |
Total assets | $838,000 | % | $629,000 | % |
Current liabilities | $175,980 | % | $100,640 | % |
Long-term liabilities | 326,820 | % | 270,470 | % |
Common stock | 92,180 | % | 88,060 | % |
Retained earnings | 243,020 | % | 169,830 | % |
Total liabilities and stockholders' equity | $838,000 | % | $629,000 | % |
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