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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 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

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 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

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: 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
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: 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
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
Transcribed Image Text: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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