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	%