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	$317,750		$199,940
Property, plant, and equipment	594,500		507,540
Intangible assets	112,750		61,520
Current liabilities	215,250		130,730
Long-term liabilities	399,750		299,910
Common stock	82,000		84,590
Retained earnings	328,000		253,770

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	$317,750	fill in the blank 1%	$199,940	fill in the blank 2%
Property, plant, and equipment	594,500	fill in the blank 3%	507,540	fill in the blank 4%
Intangible assets	112,750	fill in the blank 5%	61,520	fill in the blank 6%
Total assets	$1,025,000	fill in the blank 7%	$769,000	fill in the blank 8%
Current liabilities	$215,250	fill in the blank 9%	$130,730	fill in the blank 10%
Long-term liabilities	399,750	fill in the blank 11%	299,910	fill in the blank 12%
Common stock	82,000	fill in the blank 13%	84,590	fill in the blank 14%
Retained earnings	328,000	fill in the blank 15%	253,770	fill in the blank 16%
Total liabilities and stockholders' equity	$1,025,000	fill in the blank 17%	$769,000	fill in the blank 18%