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	$338,640		$216,630
Property, plant, and equipment	547,800		493,020
Intangible assets	109,560		37,350
Current liabilities	229,080		134,460
Long-term liabilities	368,520		276,390
Common stock	119,520		119,520
Retained earnings	278,880		216,630

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	$338,640	%	$216,630	%
Property, plant, and equipment	547,800	%	493,020	%
Intangible assets	109,560	%	37,350	%
Total assets	$996,000	%	$747,000	%
Current liabilities	$229,080	%	$134,460	%
Long-term liabilities	368,520	%	276,390	%
Common stock	119,520	%	119,520	%
Retained earnings	278,880	%	216,630	%
Total liabilities and stockholders' equity	$996,000	%	$747,000