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14 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	$316,680		$180,180
Property, plant, and equipment	655,200		581,490
Intangible assets	120,120		57,330
Current liabilities	207,480		114,660
Long-term liabilities	436,800		352,170
Common stock	120,120		122,850
Retained earnings	327,600		229,320

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	$316,680	%	$180,180	%
Property, plant, and equipment	655,200	%	581,490	%
Intangible assets	120,120	%	57,330	%
Total assets	$1,092,000	%	$819,000	%
Current liabilities	$207,480	%	$114,660	%
Long-term liabilities	436,800	%	352,170	%
Common stock	120,120	%	122,850	%
Retained earnings	327,600	%	229,320	%
Total liabilities and stockholders' equity	$1,092,000	%	$819,000	%

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