eBook Vertical analysis of balance sheet data for Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Show Me How Line Item Description Current assets Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings $2,800,000 5,200,000 2,000,000 1,800,000 3,600,000 980,000 3,620,000 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. When required, round percentages to one decimal place. Alvarez Company Comparative Balance Sheet For the Years Ended December 31 $1,840,000 6,072,000 1,288,000 1,380,000 3,680,000 920,000 3,220,000 % 6,072,000 Current Current Previous Year Year Year Amount Percent Amount % $1,840,000 $2,800,000 5,200,000 2,000,000 $10,000,000 $1,800,000 3,600,000 980,000 3,620,000 % 1,288,000 %$9,200,000 % $1,380,000 % 3,680,000 % 920,000 % 3,220,000 % $9,200,000 Total liabilities and stockholders' equity $10,000,000 Previous Year Percent % % % % % % % % % CO
eBook Vertical analysis of balance sheet data for Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Show Me How Line Item Description Current assets Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings $2,800,000 5,200,000 2,000,000 1,800,000 3,600,000 980,000 3,620,000 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. When required, round percentages to one decimal place. Alvarez Company Comparative Balance Sheet For the Years Ended December 31 $1,840,000 6,072,000 1,288,000 1,380,000 3,680,000 920,000 3,220,000 % 6,072,000 Current Current Previous Year Year Year Amount Percent Amount % $1,840,000 $2,800,000 5,200,000 2,000,000 $10,000,000 $1,800,000 3,600,000 980,000 3,620,000 % 1,288,000 %$9,200,000 % $1,380,000 % 3,680,000 % 920,000 % 3,220,000 % $9,200,000 Total liabilities and stockholders' equity $10,000,000 Previous Year Percent % % % % % % % % % CO
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Vertical analysis of balance sheet
Balance sheet date for Alvarez Company
Balance data for Alvarez
sheet
Current assets
Property, plant, and equipment
Intangible assets
Current liabilities
Long-term liabilities
Common stock
Retained earnings
Show Me How
Line Item Description
Current assets
Property, plant, and equipment
Intangible assets
X +
Company on December 31, the end of two recent fiscal years, follow:
Current Year Previous Year
$2,800,000
5,200,000
2,000,000
1,800,000
3,600,000
980,000
3,620,000
Course Home
Total assets
Current liabilities
Long-term liabilities
Common stock
Retained earnings
Total liabilities and stockholders' equity $10,000,000
$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. When required, round percentages to one decimal place.
Alvarez Company
Comparative Balance Sheet
For the Years Ended December 31
Current Current
Year
Year
Amount Percent
$2,800,000
5,200,000
2,000,000
$10,000,000
$1,800,000
3,600,000
980,000
3,620,000
Previous Previous
Year
Year
Amount Percent
% $1,840,000
% 6,072,000
% 1,288,000
% $9,200,000
% $1,380,000
% 3,680,000
% 920,000
% 3,220,000
% $9,200,000
%
%
%
%
%
%
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%
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