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Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the...

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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, follow: Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Current Year $2,500,000 5,600,000 1,900,000 2,000,000 3,400,000 920,000 3,680,000 Previous Year $1,840,000 6,072,000 1,288,000 1,380,000 3,680,000 920,000 3,220,000 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. Round percentages to one decimal place Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Year Amount Year Percent PreviouS Year Percent Current Previous Current assets Property, plant, and equipment Intangible assets Total assets Current liabilities $2,500,000 5,600,000 ,900,000 $10,000,000 $2,000,000 Year Amount $1,840,000 6,072,000 1,288,000 $9,200,000 $1,380,000 Long-term liabilities Common stock Retained earnings ,400,000 920,000 3,680,000 3,680,000 920,000 3,220,000 Total labilies and stockholders' equity $10,000000%9,200,000%

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