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Vertical Analysts of thelance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fucal years, follow Current assets
Vertical Analysts of thelance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fucal years, follow Current assets Property, plent, and equipment Intangible as Current labe Long-term b Common Mock Current Year Previous Year $2,500,000 $1,040,000 3,000,000 6,072,000 1,900,000 1,268,000 2,000,000 1,300,000 3,400,000 3,400,000 920,000 3,80,000 $20,000 3,220,000 Prepare a comparative balance sheet for both years, stating each asset as a pertent of tate sets and sech lebeity and staiders equity am as a percent of the total abilities and stockholder equity Round perant Alvar Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Year Amount Year Percent Year Amount Year Percent Current $2,500,000 $1,840,000 Property, part, and equipment 3,000,000 6,073,000 1,900,000 1,398,000 Tatal assets $10,000,000 $920,000 Current $2,000,000 $1.380.000 3,400,000 Commack 3.400.000 $20,000 3,400,000 920,000 3,220,000 $1,200,000 Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $2,500,000 $1,840,000 Property, plant, and equipment 5,600,000 6,072,000 Intangible assets 1,900,000 1,288,000 Current liabilities 2,000,000 1,380,000 Long-term liabilities 3,400,000 3,680,000 Common stock 920,000 920,000 Retained earnings 3,680,000 3,220,000 Prepare a comparative belance sheet for both years, stating each asset as a percent of total assets and eech Sabity and stockholder equity item as a percent of the total bits and stockholdery equity Round percentages the decimal place Alvaras Company Comparative Balance Sheet For the Years Ended December 31 Current Current Year Amount Year Percent Previous Previous Year Amount Year Percent Cuent $2,300,000 $1,040,000 Property, plant, and equ 5,600,000 1,900,000 $10,000,000 6,072,000 1,298,000 $9,200,000 Current Sabits $2,000,000 $1,300,000 Long-term 1,400,000 3,600,000 Common stock 920,000 920,000 3,680,000 3,220,000 Total labotes and soidery eputy $10,000,000 $9,200,000
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