Balance sheet data for Alvarez Company on December 31 the en

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

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.

	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

Solution

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%