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The comparative balance sheet of Delta Company appears below: Delta COMPANY Comparative Balance Sheet December 31, Assets 2020 2019 Current assets $450 $280 Plant
The comparative balance sheet of Delta Company appears below: Delta COMPANY Comparative Balance Sheet December 31, Assets 2020 2019 Current assets $450 $280 Plant assets 550 520 Total assets $1,000 $800 Liabilities and stockholders' equity Current liabilities $180 $120 Long-term debt 250 160 Common stock 310 320 Retained earnings 260 200 Total liabilities and stockholders' equity $1,000 $800 Using horizontal analysis, show the percentage change for each balance sheet item using 2019 as a base year. (If percentage change is a decrease show the numbers as negative, e.g. -12% or (12%). Round percentages to O decimal places, eg. 12%.) Delta COMPANY Comparative Balance Sheet December 31, Assets Percentage change 2020 2019 Current assets $450 $280 Plant assets 550 520 % Total assets Liabilities and stockholders' equity $1,000 $800 Current liabilities Long-term debt $180 $120 % 250 160 Common stock 310 320 %6 Current assets $450 $280 % Plant assets 550 520 % Total assets Liabilities and stockholders' equity Current liabilities Long-term debt Common stock Retained earnings $1,000 $800 % $180 $120 % 250 160 % 310 320 % 260 200 de % Total liabilities and stockholders' equity $1,000 $800 %
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