Chapter 14 - Homework eBook Show Me How Calculator Print Item 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 $304,000 $185,380 Property, plant, and equipment 541,500 491,970 Intangible assets 35,650 104,500 209,000 Current liabilities 121,210 Long-term liabilities 370,500 278,070 Common stock 114,000 106,950 Retained earnings 256,500 206,770 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 $304,000 $185,380 Property, plant, and equipment 541,500 491,970 Intangible assets 104,500 35,650 Total assets $950,000 $713,000 Check My Work 5 more Check My Work uses remaining. Next > Assignment Score: 0.0% Save and Exit Submit Assignment for Grading Chapter 14 - Homework Calculator Print Item eBook 104,500 Show Me How 35,650 Intangible assets 121,210 Current liabilities Long-term liabilities 209,000 370,500 278,070 Common stock 114,000 256,500 106,950 206,770 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. 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 $304,000 Previous year Amount Previous year Percent $185,380 Current assets Property, plant, and equipment 541,500 491,970 Intangible assets 104,500 35,650 Total assets $950,000 $713,000 $209,000 $121,210 Current liabilities Long-term liabilities 370,500 278,070 Common stock 114,000 106,950 Retained earnings 256,500 206,770 Total liabilities and stockholders' equity $950,000 $713,000 Check My Work 5 more Check My Work uses remaining. Next > Assignment Score: 0.0% Save and Exit Submit Assignment for Grading