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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

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

$1,637,500.00

$1,210,000.00

3

Property, plant, and equipment

3,864,500.00

4,235,000.00

4

Intangible assets

1,048,000.00

605,000.00

5

Current liabilities

1,179,000.00

847,000.00

6

Long-term liabilities

1,768,500.00

1,996,500.00

7

Common stock

655,000.00

665,500.00

8

Retained earnings

2,947,500.00

2,541,000.00

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.

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