Chapter 14 Financial Statement Analysis Retained earnings, urrent year, 36.8% EX 14-4 Vertical analysis of balance sheet Balance sheet data for Alvarez Company on December 31, the end of two recent follow: Obj. 2 fiscal years, Current Year Previous Year $2,500,000 $1,840,000 Current assets 5,600,000 6,072,000 Property, plant, and equipment Intangible assets EXCEL TEMPLATE 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 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.)
Chapter 14 Financial Statement Analysis Retained earnings, urrent year, 36.8% EX 14-4 Vertical analysis of balance sheet Balance sheet data for Alvarez Company on December 31, the end of two recent follow: Obj. 2 fiscal years, Current Year Previous Year $2,500,000 $1,840,000 Current assets 5,600,000 6,072,000 Property, plant, and equipment Intangible assets EXCEL TEMPLATE 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 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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Chapter 14 Financial Statement Analysis
Retained earnings,
urrent year, 36.8%
EX 14-4 Vertical analysis of balance sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent
follow:
Obj. 2
fiscal
years,
Current Year
Previous Year
$2,500,000
$1,840,000
Current assets
5,600,000
6,072,000
Property, plant, and equipment
Intangible assets
EXCEL TEMPLATE
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 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.)
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