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	$322,320		$199,080
Property, plant, and equipment	492,960		455,040
Intangible assets	132,720		56,880
Current liabilities	170,640		78,210
Long-term liabilities	417,120		334,170
Common stock	94,800		85,320
Retained earnings	265,440		213,300

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	$322,320	%	$199,080	%
Property, plant, and equipment	492,960	%	455,040	%
Intangible assets	132,720	%	56,880	%
Total assets	$948,000	%	$711,000	%
Current liabilities	$170,640	%	$78,210	%
Long-term liabilities	417,120	%	334,170	%
Common stock	94,800	%	85,320	%
Retained earnings	265,440	%	213,300	%
Total liabilities and stockholders' equity	$948,000	%	$711,000	%