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

1		Current Year	Previous Year
2	Current assets	$2,500,000.00	$1,840,000.00
3	Property, plant, and equipment	5,600,000.00	6,072,000.00
4	Intangible assets	1,900,000.00	1,288,000.00
5	Current liabilities	2,000,000.00	1,380,000.00
6	Long-term liabilities	3,400,000.00	3,680,000.00
7	Common stock	920,000.00	920,000.00
8	Retained earnings	3,680,000.00	3,220,000.00

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. Round percentages to one decimal place.

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. Round percentages to one decimal place.

Score: 2/58

Alvaraz Company

Comparative Balance Sheet

For the Years Ended December 31

1		Current Year	Current Year	Previous Year	Previous Year
2		Amount	Percent	Amount	Percent
3	Current assets	$2,500,000.00		$1,840,000.00
4	Property, plant, and equipment	5,600,000.00		6,072,000.00
5	Intangible assets	1,900,000.00		1,288,000.00
6	Total assets	$10,000,000.00		$9,200,000.00
7	Current liabilities	$2,000,000.00		$1,380,000.00
8	Long-term liabilities	3,400,000.00		3,680,000.00
9	Common stock	920,000.00		920,000.00
10	Retained earnings	3,680,000.00		3,220,000.00
11	Total liabilities and stockholders equity	$10,000,000.00		$9,200,000.00