Question

Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows:

	Current Year		Previous Year
Current assets	$326,120		$205,140
Property, plant, and equipment	578,600		512,850
Intangible assets	147,280		71,010
Current liabilities	231,440		126,240
Long-term liabilities	431,320		355,050
Common stock	94,680		102,570
Retained earnings	294,560		205,140

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	Current year Percent	Previous year Amount	Previous year Percent
Current assets	$326,120	%	$205,140	%
Property, plant, and equipment	578,600	%	512,850	%
Intangible assets	147,280	%	71,010	%
Total assets	$1,052,000	%	$789,000	%
Current liabilities	$231,440	%	$126,240	%
Long-term liabilities	431,320	%	355,050	%
Common stock	94,680	%	102,570	%
Retained earnings	294,560	%	205,140	%
Total liabilities and stockholders' equity	$1,052,000	%	$789,000	%

Answer 1

Alvaraz Company
Comparative Balance Sheet
For the Years Ended December 31
	Current	Current	Previous	Previous
	year	year	year	year
	Amount	Percent	Amount	Percent
Current assets [Current Asset/Total Asset*100]	$326,120	31.00%	$205,140	26.0%
Property, plant, and equipment [PPE/Total Asset*100]	578,600	55.00%	512,850	65.0%
Intangible assets [Intangibles Asset/Total Asset*100]	147,280	14.00%	71,010	9.0%
Total assets	$1,052,000	100.00%	$789,000	100.0%
Current liabilities [Current Liabilities/Total Liab. And stock. equity*100]	$231,440	22.00%	$126,240	16.0%
Long-term liabilities [Long term Liabilities/Total Liab. And stock. equity*100]	431,320	41.00%	355,050	45.0%
Common stock [Common Stock/Total Liab. And stock. equity*100]	94,680	9.00%	102,570	13.0%
Retained earnings [Retained/Total Liab. And stock. equity*100]	294,560	28.00%	205,140	26.0%
Total liabilities and stockholders' equity	$1,052,000	100.00%	$789,000	100.0%