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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: Previous Year Current
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Previous Year Current Year $356,300 $213,920 Current assets Property, plant, and equipment 539,540 481,320 Intangible assets 68,760 122,160 Current liabilities 244,320 145,160 Long-term liabilities 386,840 297,960 Common stock 81,440 84,040 Retained earnings 236,840 305,400 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' eguity 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 $356,300 $213,920 Current assets 539,540 % Property, plant, and equipment % 481,320 % 122,160 68,760 Intangible assets $1,018,000 $764,000 Total assets % $244,320 % Current liabilities $145,160 297,960 Long-term liabilities 386,840 Common stock 81,440 84,040 Retained earnings 236,840 305,400 % $764,000 Total liabilities and stockholders' equity $1,018,000
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