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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 assets Property,
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Current Year Previous Year $257,100 514,200 $141,460 482,250 85,700 19,290 205,680 128,600 282,810 212,190 94,270 274,240 90,020 212,190 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 year Current Previous Previous year year year Amount Percent Amount Percent Current assets $257,100 % $141,460 % Property, plant, and equipment 514,200 % 482,250 % Intangible assets 85,700 % 19,290 % Total assets $857,000 % $643,000 % Current liabilities $205,680 % $128,600 % Long-term liabilities 282,810 % 212,190 90 % Common stock 94,270 % 90,020 % Retained earnings 274,240 % 212,190 % Total liabilities and stockholders' equity $857,000 % $643,000 %
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