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7. The balance sheet data of Randolph Company for two recent years appears below: ssets: Year S 44 67 S1,11 Year 1 S28 52 ent

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7. The balance sheet data of Randolph Company for two recent years appears below: ssets: Year S 44 67 S1,11 Year 1 S28 52 ent assets Plant assets Total assets iabilities and stockholders' equity urrent liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders equity S 28 25 32 26 S12 160 20 Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year. (a) (b) Using vertical analysis, prepare a comparative balance sheet. Round percentages to one decimal place

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