Balance sheet data for Alvarez Company on December 3 1 , the end of two recent fiscal
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Question:
Balance sheet data for Alvarez Company on December the end of two recent fiscal years, follow:
Current Year Previous Year
Current assets $ $
Property, plant, and equipment
Intangible assets
Current liabilities
Longterm 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.
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