The Comparative Balance Sheet of Nathan Company Appears Below Instructions
(A) Using Horizontal Analysis Show the Percentage Change for

Essay

The comparative balance sheet of Nathan Company appears below: $\begin{array}{c}\text { NATHAN COMPANY}\\\text { Comparative Balance Sheet}\\\text { December 31,}\\\\\begin{array}{lcc} \text { Assets } & 2017 & 2016 \\ \text { Current assets } & \$ 420 & \$ 333 \\ \text { Plant assets } & 780 & 567 \\\text { Total assets } & \$ 1,200 & 690 \\\\\text {Liabilities and stockholders' equity}\\\text {Current liabilities}&\$168&\$144\\\text {Long-term debt}&300&162\\\text {Common stock}&432&306\\\text {Retained earnings}&300&288\\\text {Total liabilities and stockholders' equity}&\$1,200&\$900\end{array}\end{array}$ Instructions
(a) Using horizontal analysis show the percentage change for each balance sheet item using 2016 as a base year.
(b) Using vertical analysis prepare a common size comparative balance sheet.