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EmanuelMarcos1572
12.08.2020 •
Business
Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $2,500,000 $1,840,000 Property, plant, and equipment 5,600,000 6,072,000 Intangible assets 1,900,000 1,288,000 Current liabilities 2,000,000 1,380,000 Long-term liabilities 3,400,000 3,680,000 Common stock 920,000 920,000 Retained earnings 3,680,000 3,220,000 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. 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 $2,500,000 % $1,840,000 % Property, plant, and equipment 5,600,000 % 6,072,000 % Intangible assets 1,900,000 % 1,288,000 % Total assets $10,000,000 % $9,200,000 % Current liabilities $2,000,000 % $1,380,000 % Long-term liabilities 3,400,000 % 3,680,000 % Common stock 920,000 % 920,000 % Retained earnings 3,680,000 % 3,220,000 % Total liabilities and stockholders' equity $10,000,000 % $9,200,000 %
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Ответ:
A
Explanation:
You can think about this like how you put money into a bank and let the interest pile up over time.