Question: b. Using vertical analysis, prepare a comparative balance sheet. If required, round your answers to one decimal place. Randolph Company Assets Comparative Balance Sheet For

b. Using vertical analysis, prepare a comparative balance sheet. If required, round your answers to one decimal place. Randolph Company Assets Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 Year 2 Year 2 Year 1 Year 1 Amount Percent Amount Percent Current assets Plant assets $445 % $280 % 680 520 Total assets $1,125 % $800 % Liabilities and stockholders' equity Current liabilities $285 % $120 % Long-term debt 255 160 Common stock 325 320 Retained earnings 260 200 Total liabilities and stockholders' equity $1,125 % $800 %

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