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 $289,000   $172,260   Property, plant, and equipment 467,500   427,460   Intangible assets 93,500   38,280   Current liabilities 204,000   114,840   Long-term liabilities 306,000   229,680   Common stock 76,500   82,940   Retained earnings 263,500   210,540   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 year Amount Current year Percent Previous year Amount Previous year Percent Current assets $289,000 fill in the blank 1% $172,260 fill in the blank 2% Property, plant, and equipment 467,500 fill in the blank 3% 427,460 fill in the blank 4% Intangible assets 93,500 fill in the blank 5% 38,280 fill in the blank 6% Total assets $850,000 fill in the blank 7% $638,000 fill in the blank 8% Current liabilities $204,000 fill in the blank 9% $114,840 fill in the blank 10% Long-term liabilities 306,000 fill in the blank 11% 229,680 fill in the blank 12% Common stock 76,500 fill in the blank 13% 82,940 fill in the blank 14% Retained earnings 263,500 fill in the blank 15% 210,540 fill in the blank 16% Total liabilities and stockholders' equity $850,000 fill in the blank 17% $638,000 fill in the blank 18%

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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 $289,000   $172,260  
Property, plant, and equipment 467,500   427,460  
Intangible assets 93,500   38,280  
Current liabilities 204,000   114,840  
Long-term liabilities 306,000   229,680  
Common stock 76,500   82,940  
Retained earnings 263,500   210,540  

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
year
Amount
Current
year
Percent
Previous
year
Amount
Previous
year
Percent
Current assets $289,000 fill in the blank 1% $172,260 fill in the blank 2%
Property, plant, and equipment 467,500 fill in the blank 3% 427,460 fill in the blank 4%
Intangible assets 93,500 fill in the blank 5% 38,280 fill in the blank 6%
Total assets $850,000 fill in the blank 7% $638,000 fill in the blank 8%
Current liabilities $204,000 fill in the blank 9% $114,840 fill in the blank 10%
Long-term liabilities 306,000 fill in the blank 11% 229,680 fill in the blank 12%
Common stock 76,500 fill in the blank 13% 82,940 fill in the blank 14%
Retained earnings 263,500 fill in the blank 15% 210,540 fill in the blank 16%
Total liabilities and stockholders' equity $850,000 fill in the blank 17% $638,000 fill in the blank 18%
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