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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
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 $294,060 $175,030 Property, plant, and equipment 598,260 532,700 Intangible assets 121,680 53,270 Current liabilities 202,800 121,760 Long-term liabilities 456,300 372,890 Common stock 81,120 76,100 Retained earnings 273,780 190,250 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 $294,060 % Previous Previous year year Amount Percent Current assets $175,030 % Property, plant, and equipment 598,260 % 532,700 % Intangible assets 121,680 % 53,270 % $1,014,000 Total assets % $761,000 % Current liabilities $202,800 % $121,760 % Long-term liabilities 456,300 % 372,890 % Common stock 81,120 % 76,100 % Retained earnings 273,780 % 190,250 % Total liabilities and stockholders' equity $1,014,000 % $761,000 %
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