Question

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

	Current Year		Previous Year
Current assets	$300,560		$172,380
Property, plant, and equipment	477,360		437,580
Intangible assets	106,080		53,040
Current liabilities	194,480		119,340
Long-term liabilities	353,600		258,570
Common stock	79,560		86,190
Retained earnings	256,360		198,900

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	$300,560	%	$172,380	%
Property, plant, and equipment	477,360	%	437,580	%
Intangible assets	106,080	%	53,040	%
Total assets	$884,000	%	$663,000	%
Current liabilities	$194,480	%	$119,340	%
Long-term liabilities	353,600	%	258,570	%
Common stock	79,560	%	86,190	%
Retained earnings	256,360	%	198,900	%
Total liabilities and stockholders' equity	$884,000	%	$663,000	%

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	$300,560	34.0%	$172,380	26.0%
Property, plant, and equipment	477,360	54.0%	437,580	66.0%
Intangible assets	106,080	12.0%	53,040	8.0%
Total assets	$884,000	100.0%	$663,000	100.0%
Current liabilities	$194,480	22.0%	$119,340	18.0%
Long-term liabilities	353,600	40.0%	258,570	39.0%
Common stock	79,560	9.0%	86,190	13.0%
Retained earnings	256,360	29.0%	198,900	30.0%
Total liabilities and stockholders' equity	$884,000	100.0%	$663,000	100.0%