Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $297,850 $185,020 Property, plant, and equipment 434,010 408,320 Intangible assets 119,140 44,660 Current liabilities 204,240 114,840 Long-term liabilities 272,320 216,920 Common stock 102,120 89,320 Retained earnings 272,320 216,920 A. 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.
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $297,850 $185,020 Property, plant, and equipment 434,010 408,320 Intangible assets 119,140 44,660 Current liabilities 204,240 114,840 Long-term liabilities 272,320 216,920 Common stock 102,120 89,320 Retained earnings 272,320 216,920 A. 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:
| Current Year | Previous Year | |||
| Current assets | $297,850 | $185,020 | ||
| Property, plant, and equipment | 434,010 | 408,320 | ||
| Intangible assets | 119,140 | 44,660 | ||
| Current liabilities | 204,240 | 114,840 | ||
| Long-term liabilities | 272,320 | 216,920 | ||
| Common stock | 102,120 | 89,320 | ||
| 272,320 | 216,920 |
A. Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and
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