Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Instructions: (A) horizontal analysis, show the percentage change for each balance sheet item using your one as a base year.* (B) using vertical analysis, prepare

Instructions:
(A) horizontal analysis, show the percentage change for each balance sheet item using your one as a base year.*
(B) using vertical analysis, prepare a comparative balance sheet.*
*If required, round percentages to one decimal place.
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
nstruction Balance Sheet-Horizontal Analysis Balance Sheet-Vertical Analysis Instructions The balance sheet data below for Randolph Company for two recent years. Year 2 Year 1 1 Assets 2 Current assets 3 Plant assets 4 Total assets 5 Liabilities& Stockholders' Equity 6 Current liabilities 7Long-term debt 8Common stock 9 Retained earnings 10 Total liabilities and stockholders' equity $445.00 680.00 1,125.00 $280.00 520.00 800.00 5285.00 255.00 25.00 260.00 $1,125.00 $120.00 160.00 320.00 200.00 800.00 Balance Sheet-Horizontal Analysis Balance Sheet-Vertical Analysis Instructions Balance Sheet-Horizontal Analysis sheet item using Year t as a base year Use the minus sign to indicate an amount or Using horizontai analysis, show the percentage change for each balance percent decrease. If required, round percentages to one decimal place Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 Increase Decrease) Amount Increase (Decrease) Percent Year 2 Year 1 2 Assets Current assets Plant assets Total assets 445.00 680.00 1.125.00 280.00 520.00 800.00 s Liabilities& Stockholders Equity 285.00 120.00 7 Current liabiluities Instructions Balance Sheet-Horizontal Analysis Balance Sheet-Vertical Analysis Balance Sheet-Horizontal Analysis Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year1 Increase Increase Decrease) (Decrease) Amount Year 2 Year 1 Percent 2Assets 445.00 80.00 1.125.00 $280.00 20.00 800.00 Current assets Plant assets S Total assets 01 Liabilities & Stockholders' Equity 7 Current liabilities Long-term debt Common stock 0 Retained earnings 285.00 255.00 325.00 260.00 $1,125.00 120.00 160.00 320.00 200.00 800.00 Total liabilities and stockholders' equity Instructions Balance Sheet-Horizontal Analysis Balance Sheet-Vertical Analysis alance Sheet-Vertical Analysis Using vertical analysis, prepare a comparative balance sheet. if required, round percentages to one decimal place. Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 Year 2 Year 2 Year 1 Year 1 Amount Percent Amount Percent 3 Assets 4Current assets 5 Plant assets 6 Total assets 445.00 680.00 51.125.00 280.00 520.00 800.00 Liabilities &Stockholders Equity Current liabilities Long-term debt 285.00 $120.00 255.00 160.00 Balance Sheet-Horizontal Analysis Balance Sheet-Vertical Analysis Balance Sheet-Vertical Analysis Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 Year 2 Year 2 Year 1 Year 1 Amount Percent Amount Percent 3 Assets 445.00 680.00 1,125.00 280.00 20.00 800.00 Current assets s Plant assets Total assets Liabilities&Stockholders' Equity Current liabilities Long-term debt 5285.00 255.00 325.00 260.00 1.125.00 120.00 160.00 20.00 00.00 5800.00 0 Common stock 11 Retained earnings Total liabilities and stockholders' equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting And Reporting A Global Perspective

Authors: Herve Stolowy, Yuan Ding, Luc Paugam

6th Edition

147376730X, 9781473767300

More Books

Students also viewed these Accounting questions

Question

What is nonverbal communication?

Answered: 1 week ago