Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years,...

Transcribed Image Text:

Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $254,510 $160,160 Property, plant, and equipment 467,970 412,720 Intangible assets 98,520 43,120 Current liabilities 180,620 110,880 Long-term liabilities 320,190 234,080 Common stock 90,310 92,400 Retained earnings 229,880 178,640 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 $254,510 % $160,160 % Property, plant, and equipment 467,970 % 412,720 % Intangible assets 98,520 % 43,120 % Total assets $821,000 % $616,000 % Current liabilities $180,620 % $110,880 0% Long-term liabilities 320,190 % 234,080 % Common stock 90,310 92,400 % Retained earnings 229,880 178,640 % Total liabilities and stockholders' equity $821,000 % $616,000 0% Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $254,510 $160,160 Property, plant, and equipment 467,970 412,720 Intangible assets 98,520 43,120 Current liabilities 180,620 110,880 Long-term liabilities 320,190 234,080 Common stock 90,310 92,400 Retained earnings 229,880 178,640 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 $254,510 % $160,160 % Property, plant, and equipment 467,970 % 412,720 % Intangible assets 98,520 % 43,120 % Total assets $821,000 % $616,000 % Current liabilities $180,620 % $110,880 0% Long-term liabilities 320,190 % 234,080 % Common stock 90,310 92,400 % Retained earnings 229,880 178,640 % Total liabilities and stockholders' equity $821,000 % $616,000 0%

Answer rating: 100% (QA)

Solution Alvara z Compeng Comparetine Belence sheet for yeas Ended Decombeu 31 Curment Year Am... View the full answer