The balance sheet data of Randolph Company for two recent years appears below: 
(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:
Disruptive Innovation
A term describing innovations that fundamentally change industry dynamics by introducing simplicity, convenience, accessibility, and affordability.
Transformational Innovation
Radical or groundbreaking changes in products, processes, or business models that significantly alter the dynamics of the marketplace or industry.
Incremental Change
Gradual modifications or improvements made over time to processes, products, or systems.
Wheel of Innovation
A conceptual model outlining the cyclical process of innovation, from idea generation through to implementation and market introduction.
Q2: Based on the following data for the
Q35: Typically used by companies whose products are
Q70: useful for comparing one company to another
Q103: In computing the return on total assets,
Q108: Income statement information for Lucy Company is
Q123: Factory supervisor's salary<br>A)Direct labor<br>B)Direct materials<br>C)Factory overhead<br>D)Not a
Q141: working capital<br>A)assess the profitability of the assets<br>B)assess
Q161: Labor for machine maintenance<br>A)Direct<br>B)Indirect<br>C)Neither direct nor indirect
Q176: A 15% change in sales will result
Q185: If $475,000 of bonds payable are sold