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 CompanyComparative Balance SheetFor the Years Ended December 311 Current YearCurrent YearPrevious YearPrevious Year2 AmountPercentAmountPercent3Current assets$1,998,000.00 $1,518,000.00 4Property, plant, and equipment4,070,000.00 4,623,000.00 5Intangible assets1,332,000.00 759,000.00 6Total assets$7,400,000.00 $6,900,000.00 7Current liabilities$1,332,000.00 $1,035,000.00 8Long-term liabilities1,850,000.00 2,208,000.00 9Common stock740,000.00 828,000.00 10Retained earnings3,478,000.00 2,829,000.00 11Total liabilities and stockholders’ equity$7,400,000.00 $6,900,000.00

The comparative balance sheet is a financial statement that shows accounting estimates for assets,…

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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 13E: Ratio of liabilities to stockholders equity and times interest earned The following data were taken...

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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	$1,998,000.00		$1,518,000.00
4	Property, plant, and equipment	4,070,000.00		4,623,000.00
5	Intangible assets	1,332,000.00		759,000.00
6	Total assets	$7,400,000.00		$6,900,000.00
7	Current liabilities	$1,332,000.00		$1,035,000.00
8	Long-term liabilities	1,850,000.00		2,208,000.00
9	Common stock	740,000.00		828,000.00
10	Retained earnings	3,478,000.00		2,829,000.00
11	Total liabilities and stockholders’ equity	$7,400,000.00		$6,900,000.00

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