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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 Yea Previous
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Yea Previous Year $186,760 Current assets $300,300 446,160 Property, plant, and equipment 418,600 Intangible assets 38,640 111,540 Current liabilities 154,440 90,160 Long-term liabilities 377,520 302,680 85,800 83,720 Common stock serr Retained earnings 240,240 167,440 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 $300,300 $186,760 446,160 Property, plant, and equipment 418,600 111,540 38,640 Intangible assets $858,000 $644,000 Total assets Current liabilities $154,440 $90,160 Long-term liabilities 377,520 302,680 Common stock 85,800 83,720 240,240 167,440 Retained earnings $644,000 Total liabilities and stockholders' equity $858,000
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