Question

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 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	$260,710	%	$145,130	%
Property, plant, and equipment	496,190	%	454,320	%
Intangible assets	84,100	%	31,550	%
Total assets	$841,000	%	$631,000	%
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	%
Total liabilities and stockholders' equity	$841,000	%	$631,000	%

Answer 1

Comparative balance sheet
	Current year	%	Previous year	%
Assets
Current Assets	260710	31%	145130	23%
PPE	496190	59%	454320	72%
Intangible Assets	84100	10%	31550	5%
Total Assets	841000	100%	631000	100%
Liabilities & equity
Current liabilities	159790	19%	88340	14%
Long term liabilities	319580	38%	252400	40%
Common Stock	100920	12%	100960	16%
Retained earnings	260710	31%	189300	30%
Total	841000	100%	631000	100%