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 $284,460 $181,160 

Property, plant, and equipment 465,480 420,550 

Intangible assets 112,060 45,290 

Current liabilities 198,260 103,520 

Long-term liabilities 318,940 258,800 

Common stock 86,200 77,640 

Retained earnings 258,600 207,040 

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. 

Answer rating: 100% (QA)

Solution Step 1 A comparative balance sheet is a statem... View the full answer