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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	$315,520		$180,960
Property, plant, and equipment	519,680		494,160
Intangible assets	92,800		20,880
Current liabilities	176,320		83,520
Long-term liabilities	389,760		320,160
Common stock	111,360		111,360
Retained earnings	250,560		180,960

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	$315,520	%	$180,960	%
Property, plant, and equipment	519,680	%	494,160	%
Intangible assets	92,800	%	20,880	%
Total assets	$928,000	%	$696,000	%
Current liabilities	$176,320	%	$83,520	%
Long-term liabilities	389,760	%	320,160	%
Common stock	111,360	%	111,360	%
Retained earnings	250,560	%	180,960	%
Total liabilities and stockholders' equity	$928,000	%	$696,000	%

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