Vertical Analysisof Balance Sheet

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 $289,230 $175,000 Property, plant, and equipment 513,150 469,000 Intangible assets 130,620 56,000 Current liabilities 223,920 140,000 Long-term liabilities 307,890 238,000 Common stock 102,630 105,000 Retained earnings 298,560 217,000 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 Current Previous Previous year year year year Amount Percent Amount Percent Current assets $289,230 $175,000 Property, plant, and equipment 513,150 469,000 Intangible assets 130,620 56,000 Total assets $933,000 $700,000 Current liabilities $223,920 $140,000 Long-term liabilities 307,890 238,000 Common stock 102,630 105,000 Retained earnings 298,560 217,000 Total liabilities and stockholders' equity $933,000 % $700,000 %