Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: 1 Current Year Previous Year 2 Current assets $1,469,000.00 $1,030,000.00 3 Property, plant, and equipment 3,164,000.00 3,399,000.00 4 Intangible assets 1,017,000.00 721,000.00 5 Current liabilities 1,017,000.00 669,500.00 6 Long-term liabilities 1,582,000.00 1,751,000.00 7 Common stock 565,000.00 618,000.00 8 Retained earnings 2,486,000.00 2,111,500.00 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. 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. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 1 Current Year Current Year Previous Year Previous Year 2 Amount Percent Amount Percent 3 Current assets $1,469,000.00 $1,030,000.00 4 Property, plant, and equipment 3,164,000.00 3,399,000.00 5 Intangible assets 1,017,000.00 721,000.00 6 Total assets $5,650,000.00 $5,150,000.00 7 Current liabilities $1,017,000.00 $669,500.00 8 Long-term liabilities 1,582,000.00 1,751,000.00 9 Common stock 565,000.00 618,000.00 10 Retained earnings 2,486,000.00 2,111,500.00 11 Total liabilities and stockholders’ equity $5,650,000.00 $5,150,000.00
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: 1 Current Year Previous Year 2 Current assets $1,469,000.00 $1,030,000.00 3 Property, plant, and equipment 3,164,000.00 3,399,000.00 4 Intangible assets 1,017,000.00 721,000.00 5 Current liabilities 1,017,000.00 669,500.00 6 Long-term liabilities 1,582,000.00 1,751,000.00 7 Common stock 565,000.00 618,000.00 8 Retained earnings 2,486,000.00 2,111,500.00 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. 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. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 1 Current Year Current Year Previous Year Previous Year 2 Amount Percent Amount Percent 3 Current assets $1,469,000.00 $1,030,000.00 4 Property, plant, and equipment 3,164,000.00 3,399,000.00 5 Intangible assets 1,017,000.00 721,000.00 6 Total assets $5,650,000.00 $5,150,000.00 7 Current liabilities $1,017,000.00 $669,500.00 8 Long-term liabilities 1,582,000.00 1,751,000.00 9 Common stock 565,000.00 618,000.00 10 Retained earnings 2,486,000.00 2,111,500.00 11 Total liabilities and stockholders’ equity $5,650,000.00 $5,150,000.00
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4E
Related questions
Question
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
1
|
|
Current Year
|
Previous Year
|
2
|
Current assets
|
$1,469,000.00
|
$1,030,000.00
|
3
|
Property, plant, and equipment
|
3,164,000.00
|
3,399,000.00
|
4
|
Intangible assets
|
1,017,000.00
|
721,000.00
|
5
|
Current liabilities
|
1,017,000.00
|
669,500.00
|
6
|
Long-term liabilities
|
1,582,000.00
|
1,751,000.00
|
7
|
Common stock
|
565,000.00
|
618,000.00
|
8
|
|
2,486,000.00
|
2,111,500.00
|
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.
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.
Alvaraz Company
|
Comparative Balance Sheet
|
For the Years Ended December 31
|
1
|
|
Current Year
|
Current Year
|
Previous Year
|
Previous Year
|
2
|
|
Amount
|
Percent
|
Amount
|
Percent
|
3
|
Current assets
|
$1,469,000.00
|
|
$1,030,000.00
|
|
4
|
Property, plant, and equipment
|
3,164,000.00
|
|
3,399,000.00
|
|
5
|
Intangible assets
|
1,017,000.00
|
|
721,000.00
|
|
6
|
Total assets
|
$5,650,000.00
|
|
$5,150,000.00
|
|
7
|
Current liabilities
|
$1,017,000.00
|
|
$669,500.00
|
|
8
|
Long-term liabilities
|
1,582,000.00
|
|
1,751,000.00
|
|
9
|
Common stock
|
565,000.00
|
|
618,000.00
|
|
10
|
Retained earnings
|
2,486,000.00
|
|
2,111,500.00
|
|
11
|
Total liabilities and stockholders’ equity
|
$5,650,000.00
|
|
$5,150,000.00
|
|
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