com/ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentS
ID: 2412642 • Letter: C
Question
com/ilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignn; eBook Show Me How Calculator Print Item Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current YearPrevious Year Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings $375,900 558,480 139,620 204,060 461,820 107,400 300,720 $241,800 483,600 80,600 112,840 378,820 96,720 217,620 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liabi 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 Current Previous Previous year Amount Percent Amount Percent year year year % S375.900 ( 241,800 483,600 Current assets Property, plant, and equipment Intangible assets 558,480 139,620 Check My Work 2 more Check My Work uses remaining All work saved ASSIST Button. OnetouctExplanation / Answer
Ans. Alvaraj Company Comparative Balance Sheet For the Years Ended December 31 Current Year Amount Current Year Percent Previous Year Amount Previous Year Percent Current Assets $ 375,900 35% $ 241,800 30% Property, Plant and equipment 558,480 52% 483,600 60% Intangible Assets 139,620 13% 80,600 10% Total Assets $ 1,074,000 100% $ 806,000 100% Current Liabilities 204,060 19% 112,840 14% Long-term Liabilities 461,820 43% 378,820 47% Commmon Stock 107,400 10% 96,720 12% Retained Earnings 300,720 28% 217,620 27% Total liabilities and Stockholder Equity $ 1,074,000 100% $ 806,000 100%
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.