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 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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