The balance sheet data of Randolph Company for two recent years appears below:
(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.

Question

The balance sheet data of Randolph Company for two recent years appears below:  
(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.

Quizplus · Accepted Answer

The Answer of The balance sheet data of Randolph Company for two recent years appears below:  
(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.

The Balance Sheet Data of Randolph Company for Two Recent