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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 Previous Previous year year year year Amount Percent Amount Percent Current assets $314,300 % $202,200 % Property, plant, and equipment 457,980 % 404,400 % Intangible assets 125,720 % 67,400 % Total assets $898,000 % $674,000 % Current liabilities $188,580 % $107,840 % Long-term liabilities 377,160 % 296,560 % Common stock 89,800 % 80,880 % Retained earnings 242,460 % 188,720 % Total liabilities and stockholders' equity $898,000 % $674,000 %

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. If required, round percentages to one decimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets $314,300 % $202,200 % Property, plant, and equipment 457,980 % 404,400 % Intangible assets 125,720 % 67,400 % Total assets $898,000 % $674,000 % Current liabilities $188,580 % $107,840 % Long-term liabilities 377,160 % 296,560 % Common stock 89,800 % 80,880 % Retained earnings 242,460 % 188,720 % Total liabilities and stockholders' equity $898,000 % $674,000 %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 Previous Previous year year year year Amount Percent Amount Percent Current assets $314,300 % $202,200 % Property, plant, and equipment 457,980 % 404,400 % Intangible assets 125,720 % 67,400 % Total assets $898,000 % $674,000 % Current liabilities $188,580 % $107,840 % Long-term liabilities 377,160 % 296,560 % Common stock 89,800 % 80,880 % Retained earnings 242,460 % 188,720 % Total liabilities and stockholders' equity $898,000 % $674,000 %
Transcribed Image Text: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 Previous Previous year year year year Amount Percent Amount Percent Current assets $314,300 % $202,200 % Property, plant, and equipment 457,980 % 404,400 % Intangible assets 125,720 % 67,400 % Total assets $898,000 % $674,000 % Current liabilities $188,580 % $107,840 % Long-term liabilities 377,160 % 296,560 % Common stock 89,800 % 80,880 % Retained earnings 242,460 % 188,720 % Total liabilities and stockholders' equity $898,000 % $674,000 %
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