Question

Ch 17 Assignment #1 CC.FLYING.OFF.THE.SHELVES TMM.17-1 EX.17-01.ALGO EX.17-03.ALGO EX.17-04.ALGO EX.17-05.ALGO Hide or show questions Progress:5/6 items...

Ch 17 Assignment #1

  1. CC.FLYING.OFF.THE.SHELVES
  2. TMM.17-1
  3. EX.17-01.ALGO
  4. EX.17-03.ALGO
  5. EX.17-04.ALGO
  6. EX.17-05.ALGO

Hide or show questions

Progress:5/6 items

  1. eBook

    Show Me How

    Calculator

    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 $373,450 $232,000
    Property, plant, and equipment 544,170 496,000
    Intangible assets 149,380 72,000
    Current liabilities 192,060 104,000
    Long-term liabilities 437,470 344,000
    Common stock 117,370 120,000
    Retained earnings 320,100 232,000

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
Current
year
Percent
Previous
year
Amount
Previous
year
Percent
Current assets $373,450 % $232,000 %
Property, plant, and equipment 544,170 % 496,000 %
Intangible assets 149,380 % 72,000 %
Total assets $1,067,000 % $800,000 %
Current liabilities $192,060 % $104,000 %
Long-term liabilities 437,470 % 344,000 %
Common stock 117,370 % 120,000 %
Retained earnings 320,100 % 232,000 %
Total liabilities and stockholders' equity $1,067,000 % $800,000 %

I got all the percentages put in all wrong, help.

Homework Answers

Answer #1
Alvaraz Company
Comparative Balance Sheet
For the Years Ended December 31
Current Current Previous Previous
year year year year
Amount Percent = (Amount/$1067000) x 100 Amount Percent = (Amount/$800000) x 100
Current assets $373,450 35% $232,000 29%
Property, plant, and equipment $544,170 51% $496,000 62%
Intangible assets $149,380 14% $72,000 9%
Total assets $1,067,000 100% $800,000 100%
Current liabilities $192,060 18% $104,000 13%
Long-term liabilities $437,470 41% $344,000 43%
Common stock $117,370 11% $120,000 15%
Retained earnings $320,100 30% $232,000 29%
Total liabilities and stockholders' equity $1,067,000 100% $800,000 100%
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
17-3 17-04 Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31,...
17-3 17-04 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 $340,000 $210,000 Property, plant, and equipment 520,000 487,500 Intangible assets 140,000 52,500 Current liabilities 200,000 97,500 Long-term liabilities 410,000 322,500 Common stock 110,000 105,000 Retained earnings 280,000 225,000 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders'...
Ch 16-3 Exercises and Problems EX.16-02.ALGO EX.16-03 EX.16-04 EX.16-05.ALGO EX.16-06.BLANKSHEET.ALGO EX.16-11.ALGO EX.16-17.ALGO PR.16-01.ALGO Hide or show...
Ch 16-3 Exercises and Problems EX.16-02.ALGO EX.16-03 EX.16-04 EX.16-05.ALGO EX.16-06.BLANKSHEET.ALGO EX.16-11.ALGO EX.16-17.ALGO PR.16-01.ALGO Hide or show questions Progress:4/8 items eBook Show Me How Calculator Print Item Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $123,600. Depreciation recorded on store equipment for the year amounted to $20,400. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year...
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end...
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 $308,700 $185,280 Property, plant, and equipment 596,820 532,680 Intangible assets 123,480 54,040 Current liabilities 246,960 131,240 Long-term liabilities 391,020 324,240 Common stock 82,320 77,200 Retained earnings 308,700 239,320 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item...
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end...
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 $315,520 $180,960 Property, plant, and equipment 519,680 494,160 Intangible assets 92,800 20,880 Current liabilities 176,320 83,520 Long-term liabilities 389,760 320,160 Common stock 111,360 111,360 Retained earnings 250,560 180,960 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item...
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end...
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 $287,430 $176,310 Property, plant, and equipment 487,760 437,510 Intangible assets 95,810 39,180 Current liabilities 191,620 104,480 Long-term liabilities 304,850 241,610 Common stock 95,810 91,420 Retained earnings 278,720 215,490 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item...
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end...
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 $298,700 $170,060 Property, plant, and equipment 587,100 517,910 Intangible assets 144,200 85,030 Current liabilities 247,200 154,600 Long-term liabilities 370,800 270,550 Common stock 82,400 92,760 Retained earnings 329,600 255,090 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item...
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end...
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 $327,950 $203,870 Property, plant, and equipment 477,870 435,860 Intangible assets 131,180 63,270 Current liabilities 215,510 119,510 Long-term liabilities 365,430 281,200 Common stock 103,070 98,420 Retained earnings 252,990 203,870 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item...
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end...
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 $296,100 $184,150 Property, plant, and equipment 431,460 387,350 Intangible assets 118,440 63,500 Current liabilities 160,740 76,200 Long-term liabilities 355,320 292,100 Common stock 76,140 82,550 Retained earnings 253,800 184,150 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item...
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end...
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 $345,600 $194,400 Property, plant, and equipment 626,400 567,000 Intangible assets 108,000 48,600 Current liabilities 205,200 105,300 Long-term liabilities 475,200 396,900 Common stock 108,000 105,300 Retained earnings 291,600 202,500 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item...
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years,...
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $260,710 $145,130 Property, plant, and equipment 496,190 454,320 Intangible assets 84,100 31,550 Current liabilities 159,790 88,340 Long-term liabilities 319,580 252,400 Common stock 100,920 100,960 Retained earnings 260,710 189,300 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...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT