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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
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 Current Year Previous Year $267,380 $152,240 553,200 512,080 101,420 27,680 212,060 117,640 341,140 290,640 110,640 258,160 Common stock Retained earnings 96,880 186,840 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 Previous Previous year year year Amount Percent Amount Percent Current assets $267,380 % $152,240 % Property, plant, and equipment 553,200 % 512,080 % Intangible assets 101,420 % 27,680 % Total assets $922,000 % $692,000 % Current liabilities $212,060 % $117,640 % Long-term liabilities 341,140 % 290,640 % Common stock 110,640 % 96,880 % Retained earnings 258,160 % 186,840 % Total liabilities and stockholders' equity $922,000 % $692,000 %
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