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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 $257,520 $146,520 Property, plant, and equipment 506,160 466,200 Intangible assets 124,320 53,280 Current liabilities 177,600 93,240 Long-term liabilities 372,960 286,380 Common stock 97,680 99,900 Retained earnings 239,760 186,480 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 year Previous year Previous year Amount Percent Amount Percent Current assets $257,520 $146,520 Property, plant, and equipment 506,160 466,200 Intangible assets 124,320 53,280 Total assets $888,000 5666,000 Current liabilities $177,500 $93,240 Long-term liabilities 372,960 286,380 Common stock 97,680 99,900 Retained earnings 239,760 185,480 Total liabilities and $888,000 5666,000 stockholders' equity mutkikuuli
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