Vertical Analysis of Balance Sheet Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $244,800 $134,640 Property, plant, and equipment 481,440 428,400 Intangible assets 89,760 48,960 Current liabilities 163,200 85,680 Long-term liabilities 359,040 275,400 Common stock 65,280 67,320 Retained earnings 228,480 183,600 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 plac sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $244,800 $134,640 Property, plant, and equipment 481,440 428,400 Intangible assets 89,760 48,960 Current liabilities 163,200 85,680 Long-term liabilities 359,040 275,400 Common stock 65,280 67,320 Retained earnings 228,480 183,600 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 pla

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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Vertical Analysis of Balance Sheet Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $244,800 $134,640 Property, plant, and equipment 481,440 428,400 Intangible assets 89,760 48,960 Current liabilities 163,200 85,680 Long-term liabilities 359,040 275,400 Common stock 65,280 67,320 Retained earnings 228,480 183,600 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 plac sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $244,800 $134,640 Property, plant, and equipment 481,440 428,400 Intangible assets 89,760 48,960 Current liabilities 163,200 85,680 Long-term liabilities 359,040 275,400 Common stock 65,280 67,320 Retained earnings 228,480 183,600 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 plac

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