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The balance sheet data below for Randolph Company for two recent years. Assets Year 2 Year 1 Current assets $445 $280 Plant assets 680 520 Total assets $1,125 $800 Liabilities & 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 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 December 31, Year 2 and Year 1 Randolph Company Comparative Balance Sheet December 31, Year 2 and Year 1 Assets Year 2 Year 1 Increase/Decrease Amount Increase/Decrease Percentage $280 Current assets $445 % 680 Plant assets 520 % $800 $1,125 % Total assets Liabilities & stockholders' equity $120 Current liabilities $285 % 255 Long-term debt 160 % 325 Common stock 320 % 260 Retained earnings 200 % $800 Total liabilities and stockholders' equity $1,125 % b. Using vertical analysis, prepare a comparative balance sheet. If required, round your answers to one decimal place. Conan Randolph Company Comparative Balance Sheet December 31, Year 2 and Year 1 Year 2 Year 2 Year 1 Amount Percent Amount Assets Year 1 Percent Current assets $445 $280 Plant assets 680 % 520 Total assets $1,125 $800 % Liabilities & stockholders' equity Current liabilities $285 % $120 255 % 160 % Long-term debt Common stock 325 % 320 % 260 % 200 % Retained earnings Total liabilities and stockholders' equity $1,125 % $800 %

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