Ch 17 Assignment #1

1. CC.FLYING.OFF.THE.SHELVES
2. TMM.17-1
3. EX.17-01.ALGO
4. EX.17-03.ALGO
5. EX.17-04.ALGO
6. EX.17-05.ALGO

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   Vertical Analysis of Balance Sheet

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

   	Current Year		Previous Year
   Current assets	$373,450		$232,000
   Property, plant, and equipment	544,170		496,000
   Intangible assets	149,380		72,000
   Current liabilities	192,060		104,000
   Long-term liabilities	437,470		344,000
   Common stock	117,370		120,000
   Retained earnings	320,100		232,000

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. 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	$373,450	%	$232,000	%
Property, plant, and equipment	544,170	%	496,000	%
Intangible assets	149,380	%	72,000	%
Total assets	$1,067,000	%	$800,000	%
Current liabilities	$192,060	%	$104,000	%
Long-term liabilities	437,470	%	344,000	%
Common stock	117,370	%	120,000	%
Retained earnings	320,100	%	232,000	%
Total liabilities and stockholders' equity	$1,067,000	%	$800,000	%

I got all the percentages put in all wrong, help.