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This is all one question, it just doesnt fit in one picture. Pleade answer it with the work you did to get the answer. Thank
This is all one question, it just doesnt fit in one picture. Pleade answer it with the work you did to get the answer. Thank you !
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 $288,750 $183,680 Property, plant, and equipment 481,250 439,520 Intangible assets 105,000 32,800 Current liabilities 201,250 124,640 Long-term liabilities 323,750 236,160 Common stock 78,750 78,720 Retained earnings 271,250 216,480 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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $288,750 % $183,680 % Common stock 78,750 78,720 Retained earnings 271,250 216,480 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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $288,750 % $183,680 % Property, plant, and equipment 481,250 % 439,520 % Intangible assets 105,000 % 32,800 % Total assets $875,000 % $656,000 % $201,250 % $124,640 % Current liabilities Long-term liabilities Common stock 323,750 % 236,160 % 78,750 % 78,720 % Retained earnings 271,250 % 216,480 % Total liabilities and stockholders' equity $875,000 % $656,000 % Step by Step Solution
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