1. 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	$278,460		$165,780
   Property, plant, and equipment	434,070		411,380
   Intangible assets	106,470		36,840
   Current liabilities	196,560		116,660
   Long-term liabilities	294,840		221,040
   Common stock	73,710		79,820
   Retained earnings	253,890		196,480

   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	$278,460	%	$165,780	%
   Property, plant, and equipment	434,070	%	411,380	%
   Intangible assets	106,470	%	36,840	%
   Total assets	$819,000	%	$614,000	%
   Current liabilities	$196,560	%	$116,660	%
   Long-term liabilities	294,840	%	221,040	%
   Common stock	73,710	%	79,820	%
   Retained earnings	253,890	%	196,480	%
   Total liabilities and stockholders' equity	$819,000	%	$614,000	%