The Balance Sheet Data of Randolph Company for Two Recent

question 153

Short Answer

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.

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Definitions:

Cartilage

A firm, flexible type of connective tissue found in various parts of the body, including the joints, ear, nose, and windpipe.

Ciliated

Ciliated refers to cells that have fine hair-like structures called cilia on their surface, which are involved in movement or the transport of materials over the cell surface.

Secondary Bronchus

Branches of the bronchi that lead air into each lobe of the lungs for gas exchange; these are subdivisions of the primary bronchi.

Tertiary Bronchus

The tertiary bronchus, also known as the segmental bronchus, branches off the secondary bronchus in the lung and serves specific lung segments.