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	$289,130		$157,080
Property, plant, and equipment	588,230		546,040
Intangible assets	119,640		44,880
Current liabilities	239,280		134,640
Long-term liabilities	348,950		299,200
Common stock	119,640		104,720
Retained earnings	289,130		209,440

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	$289,130	%	$157,080	%
Property, plant, and equipment	588,230	%	546,040	%
Intangible assets	119,640	%	44,880	%
Total assets	$997,000	%	$748,000	%
Current liabilities	$239,280	%	$134,640	%
Long-term liabilities	348,950	%	299,200	%
Common stock	119,640	%	104,720	%
Retained earnings	289,130	%	209,440	%
Total liabilities and stockholders' equity	$997,000	%	$748,000	%