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Chapter 14 Financial Statement Analysis Retained earnings, urrent year, 36.8% EX 14-4 Vertical analysis of balance sheet Balance sheet data for Alvarez Company on December 31, the end of two recent follow: Obj. 2 fiscal years, Current Year Previous Year $2,500,000 $1,840,000 Current assets 5,600,000 6,072,000 Property, plant, and equipment Intangible assets EXCEL TEMPLATE 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 stockholders' equity item as a percent of the total liabilities and stockholders' equity. (Round percentages to one decimal place.)

Chapter 14 Financial Statement Analysis Retained earnings, urrent year, 36.8% EX 14-4 Vertical analysis of balance sheet Balance sheet data for Alvarez Company on December 31, the end of two recent follow: Obj. 2 fiscal years, Current Year Previous Year $2,500,000 $1,840,000 Current assets 5,600,000 6,072,000 Property, plant, and equipment Intangible assets EXCEL TEMPLATE 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 stockholders' equity item as a percent of the total liabilities and stockholders' equity. (Round percentages to one decimal place.)

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.6BE
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Chapter 14 Financial Statement Analysis Retained earnings, urrent year, 36.8% EX 14-4 Vertical analysis of balance sheet Balance sheet data for Alvarez Company on December 31, the end of two recent follow: Obj. 2 fiscal years, Current Year Previous Year $2,500,000 $1,840,000 Current assets 5,600,000 6,072,000 Property, plant, and equipment Intangible assets EXCEL TEMPLATE 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 stockholders' equity item as a percent of the total liabilities and stockholders' equity. (Round percentages to one decimal place.)
Transcribed Image Text:Chapter 14 Financial Statement Analysis Retained earnings, urrent year, 36.8% EX 14-4 Vertical analysis of balance sheet Balance sheet data for Alvarez Company on December 31, the end of two recent follow: Obj. 2 fiscal years, Current Year Previous Year $2,500,000 $1,840,000 Current assets 5,600,000 6,072,000 Property, plant, and equipment Intangible assets EXCEL TEMPLATE 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 stockholders' equity item as a percent of the total liabilities and stockholders' equity. (Round percentages to one decimal place.)
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