The Balance Sheet Data of Randolph Company for Two Recent

The balance sheet data of Randolph Company for two recent years appears below: $$\begin{array} { | l | l | l | } \hline \text { Assets: } & \text { Year } 2 & \text { Year } 1 \\\hline \text { Current assets } & \$ 440 & \$ 280 \\\hline \text { Plant assets } & 675 & 520 \\\hline \text { Total assets } & \$ 1,115 & \$ 800 \\\hline & & \\\hline \text { Liabilities and stockholders' equity: } & & \\\hline \text { Current liabilities } & \$ 280 & \$ 120 \\\hline \text { Long-term debt } & 250 & 160 \\\hline \text { Common stock } & 325 & 320 \\\hline \text { Retained earnings } & 260 & 200 \\\hline \text { Total liabilities and stockhol ders' equity } & \$ 1,115 & \$ 800 \\\hline\end{array}$$ a) Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year.
b) Using vertical analysis, prepare a comparative balance sheet.
Round percentages to one decimal place.

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