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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 $287,360 $161,760 444,840 Property, plant, and equipment Intangible assets Current liabilities 484,920 125,720 67,400 161,640 80,880 Long-term liabilities 386,140 316,780 94,360 Common stock Retained earnings 89,800 260,420 181,980 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
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