Vertical analysis of balance sheet

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

Line Item DescriptionCurrent YearPrevious YearCurrent assets$2,800,000 $1,840,000 Property, plant, and equipment5,200,000 6,072,000 Intangible assets2,000,000 1,288,000 Current liabilities1,800,000 1,380,000 Long-term liabilities3,600,000 3,680,000 Common stock980,000 920,000 Retained earnings3,620,000 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. When required, round percentages to one decimal place.

Line Item DescriptionCurrent Year AmountCurrent Year PercentPrevious Year AmountPrevious Year PercentCurrent assets$2,800,000fill in the blank 1%$1,840,000fill in the blank 2%Property, plant, and equipment5,200,000fill in the blank 3%6,072,000fill in the blank 4%Intangible assets2,000,000fill in the blank 5%1,288,000fill in the blank 6%Total assets$10,000,000fill in the blank 7%$9,200,000fill in the blank 8%Current liabilities$1,800,000fill in the blank 9%$1,380,000fill in the blank 10%Long-term liabilities3,600,000fill in the blank 11%3,680,000fill in the blank 12%Common stock980,000fill in the blank 13%920,000fill in the blank 14%Retained earnings3,620,000fill in the blank 15%3,220,000fill in the blank 16%Total liabilities and stockholders' equity$10,000,000fill in the blank 17%$9,200,000fill in the blank 18%

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