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 $254,100 $139,700 Property, plant, and equipment 499,730 450,850 Intangible assets 93,170 44,450 Current liabilities 177,870 107,950 Long-term liabilities 330,330 266,700 Common stock 67,760 63,500 Retained earnings 271,040 196,850

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 $254,100 % $139,700 % Property, plant, and equipment 499,730 % 450,850 % Intangible assets 93,170 % 44,450 % Total assets $847,000 % $635,000 % Current liabilities $177,870 % $107,950 % Long-term liabilities 330,330 % 266,700 % Common stock 67,760 % 63,500 % Retained earnings 271,040 % 196,850 % Total liabilities and stockholders' equity $847,000 % $635,000 %