Question: I need the step by step for this questions ASAP! Thank you! QUESTION 4 The following data are taken from the balance sheet at the

QUESTION 4 The following data are taken from the balance sheet at the end of the current year. Cash Accounts receivable Inventory Prepaid expenses Marketable securities Property, plant, and equipment Accounts payable Accrued liabilities Income tax payable Notes payable, short-term $154,000 210,000 240,000 15,000 350,000 375,000 245,000 4,000 10,000 85,000 Determine the (a) working capital, (b) current ratio, and (c) quick ratio. Round ratios to one decimal place. The balance sheet data of Randolph Company for two recent years appears below: Assets Year 2 Year 1 Current assets $ 445 $280 Plant assets 680 520 Total assets $1,125 $800 Liabilities and stockholders equity Current liabilities $ 285 $120 Long-term debt 255 160 Common stock 325 320 260 200 Retained earnings Total liabilities and stockholders' equity $1,125 800 (a) Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year. (b) Using vertical analysis, prepare a comparative balance sheet. Round percentages to one decimal place
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