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Using horizontal analysis, show the percentage change for each balance sheet item using 2020 as a base year. (Round answers to 0 decimal places, eg.
Using horizontal analysis, show the percentage change for each balance sheet item using 2020 as a base year. (Round answers to 0 decimal places, eg. 15%. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses es. (45).) BLOSSOMCOMPANY Comparative Balance Sheet December 31 Assets 2021 2020 Percentage change $490 $310 58 Current assets % Property, plant and equipment 580 540 7 % Total assets $1,070 $850 26 Liabilities and stockholders' equity Current liabilities $200 $130 54 % ON Long-term debt 270 170 59 % Common stock 320 340 (6) % Retained earnings 280 210 33 % Total liabilities and stockholders' equity $1,070 $850 26 Attempts: 1 of 1 used (b) Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to O decimal places eg. 12) Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to O decimal places, eg. 12) BLOSSOMCOMPANY Comparative Balance Sheet December 31 2021 2020 Assets Amount Percentage Amount Percentage Current assets $490 % $310 % Property, plant and equipment 580 % 540 % Total assets $1,070 % $850 % Liabilities and stockholders equity Current liabilities $200 % $130 96 Long-term debt 270 % 170 96 Common stock 320 % 340 96 Retained earnings 280 % 210 96 Total liabilities and stockholders equity $1,070 % $850
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