Question

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

	Current Year		Previous Year
Current assets	$232,580		$144,480
Property, plant, and equipment	457,140		391,300
Intangible assets	112,280		66,220
Current liabilities	184,460		114,380
Long-term liabilities	320,800		228,760
Common stock	72,180		78,260
Retained earnings	224,560		180,600

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	$232,580	%	$144,480	%
Property, plant, and equipment	457,140	%	391,300	%
Intangible assets	112,280	%	66,220	%
Total assets	$802,000	%	$602,000	%
Current liabilities	$184,460	%	$114,380	%
Long-term liabilities	320,800	%	228,760	%
Common stock	72,180	%	78,260	%
Retained earnings	224,560	%	180,600	%
Total liabilities and stockholders' equity	$802,000	%	$602,000	%

Answer 1

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		232580	29.0%	144480	24.0%
Property, Plant & Equipment		457140	57.0%	391300	65.0%
Intangible Assets		112280	14.0%	66220	11.0%
Total Assets		802000	100.0%	602000	100.0%
Current Liabilities		184460	23.0%	114380	19.0%
Long-term liabilities		320800	40.0%	228760	38.0%
Common Stock		72180	9.0%	78260	13.0%
Retained Earnings		224560	28.0%	180600	30.0%
Total liabilities and shareholder's equity		802000	100.0%	602000	100.0%
For calculating % = Amount of asset/Total assets*100
OR
Amount of liabilities/Total liabilities and shareholder's equity*100