Vertical Analysis of Balance Sheet

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

	Current Year		Previous Year
Current assets	$294,060		$175,030
Property, plant, and equipment	618,540		547,920
Intangible assets	101,400		38,050
Current liabilities	212,940		106,540
Long-term liabilities	405,600		350,060
Common stock	101,400		91,320
Retained earnings	294,060		213,080

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	$294,060	%	$175,030	%
Property, plant, and equipment	618,540	%	547,920	%
Intangible assets	101,400	%	38,050	%
Total assets	$1,014,000	%	$761,000	%
Current liabilities	$212,940	%	$106,540	%
Long-term liabilities	405,600	%	350,060	%
Common stock	101,400	%	91,320	%
Retained earnings	294,060	%	213,080	%
Total liabilities and stockholders' equity	$1,014,000	%	$761,000	%