The balance sheet data of Randolph Company for two recent years appears below: Assets: Current assets...

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The balance sheet data of Randolph Company for two recent years appears below: Assets: Current assets Plant assets Total assets Liabilities and stockholders' equity: Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity Year 2 $445 680 $1,125 $285 255 325 260 $1,125 Year 1 $280 520 $800 $120 160 320 200 $800 Required: a. Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year. If required, round percentage to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values), Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 @ odf The balance sheet data of Randolph Company for two recent years appears below: Assets: Current assets Plant assets Total assets Liabilities and stockholders' equity: Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity Year 2 $445 680 $1,125 $285 255 325 260 $1,125 Year 1 $280 520 $800 $120 160 320 200 $800 Required: a. Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year. If required, round percentage to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values), Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 @ odf

Answer rating: 100% (QA)

To calculate the percentage change for each balance sheet item using Year 1 as the base year you can ... View the full answer