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	$298,980		$176,800
Property, plant, and equipment	489,240		462,400
Intangible assets	117,780		40,800
Current liabilities	181,200		88,400
Long-term liabilities	362,400		292,400
Common stock	81,540		74,800
Retained earnings	280,860		224,400

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	$298,980	%	$176,800	%
Property, plant, and equipment	489,240	%	462,400	%
Intangible assets	117,780	%	40,800	%
Total assets	$906,000	%	$680,000	%
Current liabilities	$181,200	%	$88,400	%
Long-term liabilities	362,400	%	292,400	%
Common stock	81,540	%	74,800	%
Retained earnings	280,860	%	224,400	%
Total liabilities and stockholders' equity	$906,000	%	$680,000	%