Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on Dec

Question

Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current assets Property, plant, and equipment Intangible assets Current llabiltles Long-term liablities Common stock Retalned eanings Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each Bability and stockholders' equity Item as a percent of the total ablities and stockholders' equity. If required, round percentages to one decimal place. Current Year $296,100 582,330 108,570 197,400 444,150 78,960 266,490 Previous Year $177,600 503,200 59,200 103,600 362,600 88,800 185,000

Explanation / Answer

Alvaraz Company Comparative Balance Sheet For the year ended 31 december Current Year Current Year Percent Previous Year Previous Year Percent Current Assets [$296100/$987000], [$177600/$740000] $ 296,100.00 30% $ 177,600.00 24% Property, Plant & Equipment [$582330/$987000], [$503200/$740000] $ 582,330.00 59% $ 503,200.00 68% Intangible Assets [$108570/$987000], [$59200/$740000] $ 108,570.00 11% $    59,200.00 8% Total Assets $ 987,000.00 100% $ 740,000.00 100% Current Liabities [$197400/$987000], [$103600/$740000] $ 197,400.00 20% $ 103,600.00 14% Long term liabilities [$444150/$987000], [$362600/$740000] $ 444,150.00 45% $ 362,600.00 49% Common Stock [$78960/$987000], [$88800/$740000] $    78,960.00 8% $    88,800.00 12% Retained Earnings [$266490/$987000], [$185000/$740000] $ 266,490.00 27% $ 185,000.00 25% Total Liabilities & Stock holder Equity $ 987,000.00 100% $ 740,000.00 100%

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