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	$345,600		$194,400
Property, plant, and equipment	626,400		567,000
Intangible assets	108,000		48,600
Current liabilities	205,200		105,300
Long-term liabilities	475,200		396,900
Common stock	108,000		105,300
Retained earnings	291,600		202,500

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	$345,600	%	$194,400	%
Property, plant, and equipment	626,400	%	567,000	%
Intangible assets	108,000	%	48,600	%
Total assets	$1,080,000	%	$810,000	%
Current liabilities	$205,200	%	$105,300	%
Long-term liabilities	475,200	%	396,900	%
Common stock	108,000	%	105,300	%
Retained earnings	291,600	%	202,500	%
Total liabilities and stockholders' equity	$1,080,000	%	$810,000	%