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	$287,430		$176,310
Property, plant, and equipment	487,760		437,510
Intangible assets	95,810		39,180
Current liabilities	191,620		104,480
Long-term liabilities	304,850		241,610
Common stock	95,810		91,420
Retained earnings	278,720		215,490

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	$287,430	%	$176,310	%
Property, plant, and equipment	487,760	%	437,510	%
Intangible assets	95,810	%	39,180	%
Total assets	$871,000	%	$653,000	%
Current liabilities	$191,620	%	$104,480	%
Long-term liabilities	304,850	%	241,610	%
Common stock	95,810	%	91,420	%
Retained earnings	278,720	%	215,490	%
Total liabilities and stockholders' equity	$871,000	%	$653,000	%