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Ch 17 Assignment #1 CC.FLYING.OFF.THE.SHELVES TMM.17-1 EX.17-01.ALGO EX.17-03.ALGO EX.17-04.ALGO EX.17-05.ALGO Hide or show questions Progress:5/6 items eBook Show Me How Calculator Vertical Analysis of Balance
Ch 17 Assignment #1
- CC.FLYING.OFF.THE.SHELVES
- TMM.17-1
- EX.17-01.ALGO
- EX.17-03.ALGO
- EX.17-04.ALGO
- 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.
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