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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

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 $313,500 $196,000
Property, plant, and equipment 595,650 517,440
Intangible assets 135,850 70,560
Current liabilities 188,100 86,240
Long-term liabilities 449,350 352,800
Common stock 94,050 101,920
Retained earnings 313,500 243,040

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 $313,500 % $196,000 %
Property, plant, and equipment 595,650 % 517,440 %
Intangible assets 135,850 % 70,560 %
Total assets $1,045,000 % $784,000 %
Current liabilities $188,100 % $86,240 %
Long-term liabilities 449,350 % 352,800 %
Common stock 94,050 % 101,920 %
Retained earnings 313,500 % 243,040 %
Total liabilities and stockholders' equity $1,045,000 % $784,000 %

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