Vertical Analysis of Balance Sheet

Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:

	Current Year		Previous Year
Current assets	$2,500,000		$1,840,000
Property, plant, and equipment	5,600,000		6,072,000
Intangible assets	1,900,000		1,288,000
Current liabilities	2,000,000		1,380,000
Long-term liabilities	3,400,000		3,680,000
Common stock	920,000		920,000
Retained earnings	3,680,000		3,220,000

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. 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	$2,500,000	%	$1,840,000	%
Property, plant, and equipment	5,600,000	%	6,072,000	%
Intangible assets	1,900,000	%	1,288,000	%
Total assets	$10,000,000	%	$9,200,000	%
Current liabilities	$2,000,000	%	$1,380,000	%
Long-term liabilities	3,400,000	%	3,680,000	%
Common stock	920,000	%	920,000	%
Retained earnings	3,680,000	%	3,220,000	%
Total liabilities and stockholders' equity	$10,000,000	%	$9,200,000	%