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Please Help!!! Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current
Please Help!!! 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 $269,760 $164,320 Property, plant, and equipment 488,940 423,440 Intangible assets 84,300 44,240 Current liabilities 160,170 75,840 Long-term liabilities 387,780 316,000 Common stock 67,440 63,200 Retained earnings 227,610 176,960 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. Previous year Amount Previous year Percent 65 X % $164,320 423,440 16 X % Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current year year Amount Percent Current assets $269,760 164,320 X % Property, plant, and equipment 488,940 423,440 X % Intangible assets 84,300 44.240 X % Total assets $843,000 632,000 X % Current liabilities $160,170 75,840 X % Long-term liabilities 387,780 316,000 X % Common stock 67,440 63,200 X % Retained earnings 227,610 176,960 X % Total liabilities and stockholders' equity $843,000 632.000 X % 44,240 91 X % $632,000 33 X % $75,840 BIER 111 X % 23 X % 316,000 63,200 7 X % 176,960 29 X % $632,000 33 X % Feedback Check My Work Set up the balance sheet according to the accounting equation, where the asset section - the liabilities and stockholders' equity section. For each year, show each asset as a percentage of the total assets, and show each liability and stockholders' equity item as a percentage of the total liabilities and stockholders' equity
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