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	$353,850		$227,400
Property, plant, and equipment	535,830		485,120
Intangible assets	121,320		45,480
Current liabilities	212,310		106,120
Long-term liabilities	404,400		325,940
Common stock	121,320		106,120
Retained earnings	272,970		219,820

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	$353,850	%	$227,400	%
Property, plant, and equipment	535,830	%	485,120	%
Intangible assets	121,320	%	45,480	%
Total assets	$1,011,000	%	$758,000	%
Current liabilities	$212,310	%	$106,120	%
Long-term liabilities	404,400	%	325,940	%
Common stock	121,320	%	106,120	%
Retained earnings	272,970	%	219,820	%
Total liabilities and stockholders' equity	$1,011,000	%	$758,000	%