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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 assets Current Year $327,040 592,760 102,200 Previous Year $199,420 544,570 Property, plant, and equipment Intangible assets 23,010 Current liabilities 235,060 130,390 Long-term liabilities 398,580 306,800 Common stock 115,050 112,420 275,940 Retained earnings 214,760 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 Current year year Amount Percent $327,040 Previous Previous year year Amount Percent $199,420 Current assets Property, plant, and equipment 592,760 % Intangible assets 102,200 544,570 23,010 $767,000 Total assets $1,022,000 % Check Me Work morboel Mw Worlu remaining Previous Next Long-term liabilities 398,580 306,800 115,050 Common stock 112,420 275,940 Retained earnings 214,760 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 Current year year Amount Percent Current assets $327,040 Property, plant, and equipment 592,760 % Intangible assets 102,200 Previous Previous year year Amount Percent $199,420 544,570 23,010 Total assets $1,022,000 $767,000 Accounting numeric field Current liabilities Long-term liabilities $235,060 398,580 112,420 $130,390 306,800 115,050 Common stock Retained earnings 275,940 214,760 Total liabilities and stockholders' equity $1,022,000 % $767,000 % Check My Work 2 more Check My Work ugos remaining Previous Next >

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