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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

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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 Year Current assets $364,140 $224,840 Property, plant, and equipment 556,920 497,860 Intangible assets 149,940 80,300 Current liabilities 192,780 112,420 Long-term liabilities 492,660 385,440 Common stock 96,390 96,360 Retained earnings 289,170 208,780 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 iabilities and stockholders' equity. If required, round percentages to one deoimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 CurrentCurrent Previous Previous year Amount Percent Amount Percent year year year Current assets $364,140 556,920 Property, plant, and equipment 497,860 149,940 80,300 Intangible assets $1,071,000 $803,000 Total assets Current labilities 192,780 112420 492,660 385,440 Long-term liabilities 96,360 Common stock 96,390 289,170 208,780 Retained earnings $803000 $1,071,000 Total labilities and stockholders equity

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