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Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $345,510   $196,250 Property, plant, and equipment 596,790   557,350 Intangible assets 104,700   31,400 Current liabilities 240,810   141,300 Long-term liabilities 397,860   321,850 Common stock 125,640   117,750 Retained earnings 282,690   204,100 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.

Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $345,510   $196,250 Property, plant, and equipment 596,790   557,350 Intangible assets 104,700   31,400 Current liabilities 240,810   141,300 Long-term liabilities 397,860   321,850 Common stock 125,640   117,750 Retained earnings 282,690   204,100 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.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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3. Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:


Current Year		 Previous Year
Current assets $345,510   $196,250
Property, plant, and equipment 596,790   557,350
Intangible assets 104,700   31,400
Current liabilities 240,810   141,300
Long-term liabilities 397,860   321,850
Common stock 125,640   117,750
Retained earnings 282,690   204,100

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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $345,510 % $196,250 % Property, plant, and equipment 596,790 % 557,350 % Intangible assets 104,700 % 31,400 % Total assets $1,047,000 % $785,000 % Current liabilities $240,810 % $141,300 % Long-term liabilities 397,860 % 321,850 % Common stock 125,640 117,750 % Retained earnings 282,690 % 204,100 % Total liabilities and stockholders' equity $1,047,000 % $785,000 %
Transcribed Image Text:Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets $345,510 % $196,250 % Property, plant, and equipment 596,790 % 557,350 % Intangible assets 104,700 % 31,400 % Total assets $1,047,000 % $785,000 % Current liabilities $240,810 % $141,300 % Long-term liabilities 397,860 % 321,850 % Common stock 125,640 117,750 % Retained earnings 282,690 % 204,100 % Total liabilities and stockholders' equity $1,047,000 % $785,000 %
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