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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $2,800,000 $1,840,000
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Current Year | Previous Year | |||
Current assets | $2,800,000 | $1,840,000 | ||
Property, plant, and equipment | 5,200,000 | 6,072,000 | ||
Intangible assets | 2,000,000 | 1,288,000 | ||
Current liabilities | 1,800,000 | 1,380,000 | ||
Long-term liabilities | 3,600,000 | 3,680,000 | ||
Common stock | 980,000 | 920,000 | ||
Retained earnings | 3,620,000 | 3,220,000 |
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. When required, round percentages to one decimal place.
Current Year Amount | Current Year Percent | Previous Year Amount | Previous Year Percent | |
Current assets | $2,800,000 | fill in the blank 1% | $1,840,000 | ?% |
Property, plant, and equipment | 5,200,000 | fill in the blank 3% | 6,072,000 | ?% |
Intangible assets | 1,800,000 | ?% | 1,288,000 | ?% |
Total assets | $10,000,000 | ?% | $9,200,000 | ?% |
Current liabilities | $1,800,000 | ?% | $1,380,000 | ?% |
Long-term liabilities | 3,600,000 | ?% | 3,620,000 | ?% |
Common stock | 980,000 | ?% | 920,000 | ?% |
Retained earnings | 3,620,000 | fill in the blank 15% | 3,220,000 | fill in the blank 16% |
Total liabilities and stockholders' equity | $10,000,000 | fill in the blank 17% | $9,200,000 | fill in the blank 18% |
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