vertical analysis

Ch 17-3 Exercises and Problems 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 $274,560 $174,720 Property, plant, and equipment 465,920 405,600 Intangible assets 91,520 43,680 Current liabilities 166,400 81,120 Long-term liabilities 341,120 268,320 Common stock 83,200 87,360 Retained earnings 241,280 187,200 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 y ear year year Amount Percent Amount Percent Current assets $274,560 10% $174,720 % Property, plant, and equipment 405,600 % Intangible assets T 91,520 19,680 Ch 17-3 Exercises and Problems Long-term liabilities 268,320 Common stock 341,120 83,200 241,280 87,360 187,200 Retained earnings 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 year year Amount Percent Current assets $274,560 Property, plant, and equipment 465,920 Intangible assets 91,520 Total assets $832,000 Previous Previous year year Amount Percent $174,720 405,600 43,680 $624,000 Current labilities Long-term liabilities Common stock $166,400 311,120 83,200 241,280 $81,120 268,320 87,360 187,200 $624,000 Retained earnings Total abilities and stockholders' equity $832,000