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1. Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the...

1.

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
Current assets $277,440 $177,480
Property, plant, and equipment 432,480 397,800
Intangible assets 106,080 36,720
Current liabilities 163,200 79,560
Long-term liabilities 342,720 275,400
Common stock 73,440 67,320
Retained earnings 236,640 189,720

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 $277,440 % $177,480 %
Property, plant, and equipment 432,480 % 397,800 %
Intangible assets 106,080 % 36,720 %
Total assets $816,000 % $612,000 %
Current liabilities $163,200 % $79,560 %
Long-term liabilities 342,720 % 275,400 %
Common stock 73,440 % 67,320 %
Retained earnings 236,640 % 189,720 %
Total liabilities and stockholders' equity $816,000 % $612,000 %

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