balance sheet data for alvarez company on december 31 the end of two recent fiscal y 4137978
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.)
Balance sheet data for Alvarez Company on December 31 the