Vertical Analysis of Balance SheetBalance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:Previous YearCurrent Year$330,000Current assets$206,250Property, plant, and equipment649,000552,750Intangible assets121,00066,000Current liabilities253,000156,750Long-term liabilities462,000363,000Common stock88,00090,750Retained earnings214,500297,000Prepare 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 andstockholders' equity. If required, round percentages to one decimal place.Alvaraz CompanyComparative Balance SheetFor the Years Ended December 31Previous PreviousCurrent CurrentyearAmount PercentyearyearAmountyearPercent%%Current assets$330,000$206,250%Property, plant, and equipment552,750649,00066,000121,000Intangible assets Retained earnings214,500297,000Prepare 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 andstockholders' equity. If required, round percentages to one decimal placeAlvaraz CompanyComparative Balance SheetFor the Years Ended December 31CurrentyearAmount PercentCurrentPrevious PreviousyearyearAmountyearPercent$330,000Current assets$206,250Property, plant, and equipment649,000552,750%121,00066,000Intangible assets%$825,000$1,100,000Total assets%%$253,000Current liabilities$156,750Long-term liabilities363,000462,000%Common stock88,00090,750%%214,500Retained earnings297,000%%Total liabilities and stockholders' equity $1,100,000$825,000

Question
Asked Oct 8, 2019
Vertical Analysis of Balance Sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:
Previous Year
Current Year
$330,000
Current assets
$206,250
Property, plant, and equipment
649,000
552,750
Intangible assets
121,000
66,000
Current liabilities
253,000
156,750
Long-term liabilities
462,000
363,000
Common stock
88,000
90,750
Retained earnings
214,500
297,000
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. If required, round percentages to one decimal place.
Alvaraz Company
Comparative Balance Sheet
For the Years Ended December 31
Previous Previous
Current Current
year
Amount Percent
year
year
Amount
year
Percent
%
%
Current assets
$330,000
$206,250
%
Property, plant, and equipment
552,750
649,000
66,000
121,000
Intangible assets
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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: Previous Year Current Year $330,000 Current assets $206,250 Property, plant, and equipment 649,000 552,750 Intangible assets 121,000 66,000 Current liabilities 253,000 156,750 Long-term liabilities 462,000 363,000 Common stock 88,000 90,750 Retained earnings 214,500 297,000 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. If required, round percentages to one decimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Previous Previous Current Current year Amount Percent year year Amount year Percent % % Current assets $330,000 $206,250 % Property, plant, and equipment 552,750 649,000 66,000 121,000 Intangible assets

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Retained earnings
214,500
297,000
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. If required, round percentages to one decimal place
Alvaraz Company
Comparative Balance Sheet
For the Years Ended December 31
Current
year
Amount Percent
Current
Previous Previous
year
year
Amount
year
Percent
$330,000
Current assets
$206,250
Property, plant, and equipment
649,000
552,750
%
121,000
66,000
Intangible assets
%
$825,000
$1,100,000
Total assets
%
%
$253,000
Current liabilities
$156,750
Long-term liabilities
363,000
462,000
%
Common stock
88,000
90,750
%
%
214,500
Retained earnings
297,000
%
%
Total liabilities and stockholders' equity $1,100,000
$825,000
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Retained earnings 214,500 297,000 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. If required, round percentages to one decimal place Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current year Amount Percent Current Previous Previous year year Amount year Percent $330,000 Current assets $206,250 Property, plant, and equipment 649,000 552,750 % 121,000 66,000 Intangible assets % $825,000 $1,100,000 Total assets % % $253,000 Current liabilities $156,750 Long-term liabilities 363,000 462,000 % Common stock 88,000 90,750 % % 214,500 Retained earnings 297,000 % % Total liabilities and stockholders' equity $1,100,000 $825,000

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