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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 | $317,750 | $199,940 | ||
Property, plant, and equipment | 594,500 | 507,540 | ||
Intangible assets | 112,750 | 61,520 | ||
Current liabilities | 215,250 | 130,730 | ||
Long-term liabilities | 399,750 | 299,910 | ||
Common stock | 82,000 | 84,590 | ||
Retained earnings | 328,000 | 253,770 |
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 Amount | Current year Percent | Previous year Amount | Previous year Percent | |
Current assets | $317,750 | fill in the blank 1% | $199,940 | fill in the blank 2% |
Property, plant, and equipment | 594,500 | fill in the blank 3% | 507,540 | fill in the blank 4% |
Intangible assets | 112,750 | fill in the blank 5% | 61,520 | fill in the blank 6% |
Total assets | $1,025,000 | fill in the blank 7% | $769,000 | fill in the blank 8% |
Current liabilities | $215,250 | fill in the blank 9% | $130,730 | fill in the blank 10% |
Long-term liabilities | 399,750 | fill in the blank 11% | 299,910 | fill in the blank 12% |
Common stock | 82,000 | fill in the blank 13% | 84,590 | fill in the blank 14% |
Retained earnings | 328,000 | fill in the blank 15% | 253,770 | fill in the blank 16% |
Total liabilities and stockholders' equity | $1,025,000 | fill in the blank 17% | $769,000 | fill in the blank 18% |
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