Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Previous Year Current Year Current assets 591,800 48,420 $355,080 Property, plant, and equipment $225,960 Intangible assets 532,620 129,120 Current liabilities 247,480 Long-term liabilities 129,120 441,160 355,080 Common stock 86,080 80,700 Retained earnings 301,280 242,100 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity tem 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 $355,080 Current assets $225,960 % 591,800 96 532,620 Property, plant, and equipment 48,420 96 129,120 Intangible assets $1,076,000 $807,000 Total assets $247,480 $129,120 Current liabilities 441,160 96 96 80.700 86.080 Common stock 9 355,080 Next Previous Long-term liabilities Submit Assignment for Grad uses remaining ructor Save and Et BU Property, plant, and equipment You 591,800 Intangible assets 532,620 129,120 Current liabilities 48,420 247,480 129,120 Long-term liabilities 441,160 355,000 Common stock 86,080 Retained earnings 80,700 301,280 242,100 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. It 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 $355,000 % $225,960 Property, plant, and equipment 591,800 532,620 129,120 48,420 Intangible assets $1,076,000 % $807,000 Total assets $247,480 $129,120 Current liabilities 441,160 % 355,080 Long-term liabilities 86,080 % 80,700 Common stock 96 301,280 242,100 % Retained earnings 96 $807,000 % Total liabilities and stockholders' equity $1,076,000 I 94 2110 Previous Nec Check My Work 2 more Check My Work uses remaining, Submit Assignment for Save and Exit Email Instructor