The balance sheet data below for Randolph Company for two recent years. 
(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.
Definitions:
Demand
The willingness and ability of consumers to purchase goods or services at a given price level.
Supply
The total amount of a good or service available for purchase at any given price level within a specific market.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.
Exchange Rate
The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.
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