Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous YearCurrent assets $2,500,000 $1,840,000Property, plant, and equipment 5,600,000 6,072,000Intangible assets 1,900,000 1,288,000Current liabilities 2,000,000 1,380,000Long-term liabilities 3,400,000 3,680,000Common stock 920,000 920,000Retained earnings 3,680,000 3,220,000Prepare 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. Round percentages to one decimal place.
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Current Year Previous Year
Current assets $2,500,000 $1,840,000
Property, plant, and equipment 5,600,000 6,072,000
Intangible assets 1,900,000 1,288,000
Current liabilities 2,000,000 1,380,000
Long-term liabilities 3,400,000 3,680,000
Common stock 920,000 920,000
Retained earnings 3,680,000 3,220,000
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and
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