<Property, plant, and equipmentIntangible assetsCurrent liabilitiesLong-term liabilitiesCommon stockRetained earningsPrepare 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 thetotal liabilities and stockholders' equity. When required, round percentages to one decimal place.Line Item DescriptionCurrent assetsProperty, plant, and equipmentIntangible assetsTotal assets5,200,0002,000,0001,800,0003,600,000980,0003,620,000Current liabilitiesAlvarez CompanyComparative Balance SheetFor the Years Ended December 31Long-term liabilities$10,000,000$1,800,0003,600,000980,0003,620,000Common stockRetained earningsTotal liabilities and stockholders' equity $10,000,000Check My Work6,072,0001,288,0001,380,0003,680,000920,0003,220,000Current CurrentYearYearAmount Percent$2,800,0005,200,0002,000,000PreviousYearAmount PercentPreviousYear% $1,840,000% 6,072,000% 1,288,000% $9,200,000% $1,380,000%3,680,000920,000% 3,220,000% $9,200,000%%%%%%%%%%Previous Next >

VERTICAL ANALYSIS OF BALANCE SHEETVertical analysis is a proportional analysis of financial…

Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings 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. Line Item Description Current assets Property, plant, and equipment Intangible assets Total assets 5,200,000 2,000,000 1,800,000 3,600,000 980,000 3,620,000 Year Percent Year Year Amount Percent Current Current Previous Previous Year Amount $2,800,000 5,200,000 2,000,000 $10,000,000 $1,800,000 3,600,000 980,000 3,620,000 Total liabilities and stockholders' equity $10,000,000 Current liabilities Long-term liabilities Common stock 6,072,000 1,288,000 Retained earnings 1,380,000 3,680,000 920,000 3,220,000 Alvarez Company Comparative Balance Sheet For the Years Ended December 31 % $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 % % % % % % % % %

Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings 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. Line Item Description Current assets Property, plant, and equipment Intangible assets Total assets 5,200,000 2,000,000 1,800,000 3,600,000 980,000 3,620,000 Year Percent Year Year Amount Percent Current Current Previous Previous Year Amount $2,800,000 5,200,000 2,000,000 $10,000,000 $1,800,000 3,600,000 980,000 3,620,000 Total liabilities and stockholders' equity $10,000,000 Current liabilities Long-term liabilities Common stock 6,072,000 1,288,000 Retained earnings 1,380,000 3,680,000 920,000 3,220,000 Alvarez Company Comparative Balance Sheet For the Years Ended December 31 % $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 % % % % % % % % %

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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