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Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year $300,630 $170,750 Current assets 510,160 478,100 Property, plant, and equipment 100,210 34,150 Intangible assets 191,310 116,110 Current liabilities 373,510 280,030 Long-term liabilities Common stock 81,990 75,130 Retained earnings 264,190 211,730 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 Previous year Previous year Current year Percent Current year Amount Amount Percent Current assets $300,630 $170,750 Property, plant, and equipment 510,160 478,100 100,210 34,150 Intangible assets Total assets $911,000 $683,000 Current liabilities $191,310 $116,110 Long-term liabilities 373,510 280,030 Common stock 81,990 75,130 Retained earnings 264,190 211,730 Total liabilities and stockholders' $911,000 $683,000 equity 96

Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year $300,630 $170,750 Current assets 510,160 478,100 Property, plant, and equipment 100,210 34,150 Intangible assets 191,310 116,110 Current liabilities 373,510 280,030 Long-term liabilities Common stock 81,990 75,130 Retained earnings 264,190 211,730 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 Previous year Previous year Current year Percent Current year Amount Amount Percent Current assets $300,630 $170,750 Property, plant, and equipment 510,160 478,100 100,210 34,150 Intangible assets Total assets $911,000 $683,000 Current liabilities $191,310 $116,110 Long-term liabilities 373,510 280,030 Common stock 81,990 75,130 Retained earnings 264,190 211,730 Total liabilities and stockholders' $911,000 $683,000 equity 96

Managerial Accounting
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
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Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year $300,630 $170,750 Current assets 510,160 478,100 Property, plant, and equipment 100,210 34,150 Intangible assets 191,310 116,110 Current liabilities 373,510 280,030 Long-term liabilities Common stock 81,990 75,130 Retained earnings 264,190 211,730 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 Previous year Previous year Current year Percent Current year Amount Amount Percent Current assets $300,630 $170,750 Property, plant, and equipment 510,160 478,100 100,210 34,150 Intangible assets Total assets $911,000 $683,000 Current liabilities $191,310 $116,110 Long-term liabilities 373,510 280,030 Common stock 81,990 75,130 Retained earnings 264,190 211,730 Total liabilities and stockholders' $911,000 $683,000 equity 96
Transcribed Image Text:Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year $300,630 $170,750 Current assets 510,160 478,100 Property, plant, and equipment 100,210 34,150 Intangible assets 191,310 116,110 Current liabilities 373,510 280,030 Long-term liabilities Common stock 81,990 75,130 Retained earnings 264,190 211,730 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 Previous year Previous year Current year Percent Current year Amount Amount Percent Current assets $300,630 $170,750 Property, plant, and equipment 510,160 478,100 100,210 34,150 Intangible assets Total assets $911,000 $683,000 Current liabilities $191,310 $116,110 Long-term liabilities 373,510 280,030 Common stock 81,990 75,130 Retained earnings 264,190 211,730 Total liabilities and stockholders' $911,000 $683,000 equity 96
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