Q: Prepare a horizontal analysis of the balance sheet data for Ramsey using 2008 as a base & Comments RAMSEY EGYPTIAN BUFFET Comparative Balance Sheets December 31 Assets 2009 2008 Current assets $ 76,000 $ 80,000 Property, plant, and equipment (net) 99,000 90,000 Intangibles 25,000 40,000 Total assets $200,000 $210,000 Liabilities and stockholders' equity Current liabilities $ 40,800 $ 48,000 Long-term liabilities 143,000 150,000 Stockholders' equity 16,200 12,000 Total liabilities and stockholders' equity $200,000 $210,000