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	$314,840		$194,600
Property, plant, and equipment	481,520		444,800
Intangible assets	129,640		55,600
Current liabilities	166,680		97,300
Long-term liabilities	388,920		291,900
Common stock	74,080		69,500
Retained earnings	296,320		236,300

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	$314,840	%	$194,600	%
Property, plant, and equipment	481,520	%	444,800	%
Intangible assets	129,640	%	55,600	%
Total assets	$926,000	%	$695,000	%
Current liabilities	$166,680	%	$97,300	%
Long-term liabilities	388,920	%	291,900	%
Common stock	74,080	%	69,500	%
Retained earnings	296,320	%	236,300	%
Total liabilities and stockholders' equity	$926,000	%	$695,000	%