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	$342,720		$192,720
Property, plant, and equipment	578,340		546,040
Intangible assets	149,940		64,240
Current liabilities	257,040		152,570
Long-term liabilities	374,850		321,200
Common stock	96,390		88,330
Retained earnings	342,720		240,900

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	$342,720	%	$192,720	%
Property, plant, and equipment	578,340	%	546,040	%
Intangible assets	149,940	%	64,240	%
Total assets	$1,071,000	%	$803,000	%
Current liabilities	$257,040	%	$152,570	%
Long-term liabilities	374,850	%	321,200	%
Common stock	96,390	%	88,330	%
Retained earnings	342,720	%	240,900	%
Total liabilities and stockholders' equity	$1,071,000	%	$803,000	%