Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of
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Question:
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.
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