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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 $144,000 426,000 30,000 102,000 222,000 78,000 198,000 Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock 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. $248,000 456,000 96,000 184,000 288,000 72,000 256,000 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 Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $248,000 456,000 96,000 $800,000 $184,000 288,000 72,000 256,000 $800,000 $144,000 426,000 30,000 $600,000 $102,000 222,000 78,000 198,000 $600,000
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