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	$332,860		$198,180
Property, plant, and equipment	509,080		462,420
Intangible assets	137,060		73,400
Current liabilities	176,220		88,080
Long-term liabilities	381,810		300,940
Common stock	117,480		110,100
Retained earnings	303,490		234,880

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	$332,860	%	$198,180	%
Property, plant, and equipment	509,080	%	462,420	%
Intangible assets	137,060	%	73,400	%
Total assets	$979,000	%	$734,000	%
Current liabilities	$176,220	%	$88,080	%
Long-term liabilities	381,810	%	300,940	%
Common stock	117,480	%	110,100	%
Retained earnings	303,490	%	234,880	%
Total liabilities and stockholders' equity	$979,000	%	$734,000	%