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CengageNOWv2IOnline X ow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker assignments&takeAssignmentSessionLocator-assignmen; Show Me How Calculator Print item eBook 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 assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Current Year $375,900 558,480 139,620 204,060 461,820 107,400 300,720 $241,800 483,600 80,600 112,840 378,820 96,720 217,620 Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year Amount Percent Amount Percent year AountPercenr Current assets Property, plant, and equipment Intangble assets $375,900 558,480 139,620 $241,800 483,600 80,600 check My Work 2 more Check My Wofk uses remaining ASSIST Button: One-5oucnnston

Explanation / Answer

Comparative balance sheet :

Current year amount Current year percent Previous year amount Previous year percent Current assets 375900 35% 241800 30% Property,plant and equipment 558480 52% 483600 60% Intangible assets 139620 13% 80600 10% Total assets 1074000 100% 806000 100% Current liabilities 204060 19% 112840 14% Long term liabilities 461820 43% 378820 47% Common Stock 107400 10% 96720 12% Retained earnings 300720 28% 217620 27% Total liabilities and stockholder's equity 1074000 100% 806000 100%

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