ebook SHOW MIC NOW 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 liabilities Long-term liabilities Current Year Previous Year $337,620 $201,150 526,290 484,250 129,090 59,600 218,460 126,650 387,270 298,000 99,300 287,970 Common stock Retained earnings 96,850 223,500 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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $337,620 % $201,150 % Property, plant, and equipment 526,290 % 484,250 % Intangible assets 129,090 % 59,600 % % % $993,000 $745,000 Total assets Current liabilities $218,460 % $126,650 % % Long-term liabilities 387,270 298,000 % Common stock 99,300 % % 96,850 287,970 % % 223,500 Retained earnings Total liabilities and stockholders' equity $993,000 % $745,000 %