Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years,...
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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $262,400 $147,600 Property, plant, and equipment 451,000 412,050 Intangible assets 106,600 55,350 Current liabilities 172,200 98,400 Long-term liabilities 336,200 264,450 Common stock 90,200 92,250 Retained earnings 221,400 159,900 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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $262,400 % $147,600 % Property, plant, and equipment 451,000 412,050 % Intangible assets 106,600 % 55,350 Total assets $820,000 % $615,000 % Current liabilities $172,200 % $98,400 Long-term liabilities 336,200 % 264,450 % Common stock 90,200 % 92,250 % Retained earnings 221,400 % 159,900 Total liabilities and stockholders' equity $820,000 % $615,000 Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $262,400 $147,600 Property, plant, and equipment 451,000 412,050 Intangible assets 106,600 55,350 Current liabilities 172,200 98,400 Long-term liabilities 336,200 264,450 Common stock 90,200 92,250 Retained earnings 221,400 159,900 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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $262,400 % $147,600 % Property, plant, and equipment 451,000 412,050 % Intangible assets 106,600 % 55,350 Total assets $820,000 % $615,000 % Current liabilities $172,200 % $98,400 Long-term liabilities 336,200 % 264,450 % Common stock 90,200 % 92,250 % Retained earnings 221,400 % 159,900 Total liabilities and stockholders' equity $820,000 % $615,000
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