All one question PM from Show Me How Vertical Analysis of Balance Sheet Balance

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All one question PM from Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each líability and stockholders' equity item as a percent of the total iabilities and stockholders' equity. If required, round percentages to one decimal place. $354,280 573,100 114,620 197,980 437,640 114,620 291,760 $226,780 516,120 39,100 101,660 336,260 226,780 Alvaraz Company December 31 Current year Amount Current year Peroent Previous year Amount Previous year Percent Current assets Property, plant, and equipment Intangible assets $354,280 573,100 114,620 $1,042,000 516,120 39,100 $782,000 Next

Explanation / Answer

Alvaraz company

Comparative balance sheet

For the years ended december 31.

working note:

assets percentage = amount / total assets *100

liabilities and equity percentage = amount / (total liabilities and stock holders equity) *100

current year amount current year percent previous year amount previous year percent current assets 354,280 34.0% 226,780 29.0% property, plant and equipment 573,100 55.0% 516,120 66.0% intangible assets 114,620 11.0% 39,100 5.0% total assets 1,042,000 100.0% 782,000 100.0% current liabilities 197,980 19.0% 101,660 13.0% long term liabilities 437,640 42.0% 336,260 43.0% common stock 114,620 11.0% 117,300 15.0% retained earnings 291,760 28.0% 226,780 29.0% total liabilities and stock holders' equity 1,042,000 100.0% 782,000 100.0%

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