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

Essay

The comparative balance sheet of Delta Company appears below:

$\begin{array}{c} \text {Delta COMPANY }\\ \text {Comparative Balance Sheet}\\ \text { December 31,}\\\\\begin{array}{lrr}\hline& \underline{2014}& \underline{2013}\\ \text { Assets } &\\ \text {Current assets } &\$450&\$280\\ \text { Plant assets } & \underline{550}& \underline{520}\\ \text {Total assets } &\underline{\$1,000}&\underline{\$800}\\\\\underline{\text { Liabilities and stockholders' equity }}\\ \text {Current liabilities}&\$180&\$120\\ \text {Long-term debt}&250&160\\ \text {Common stock}&310&320\\ \text {Retained earnings}&\underline{260}&\underline{200}\\ \text {Total liabilities and stockholders' equity}&\underline{\$1,000}&\underline{\$800}\end{array}\end{array}$

Instructions
(a) Using horizontal analysis, show the percentage change for each balance sheet item using 2013 as a base year.
(b) Using vertical analysis, prepare a common size comparative balance sheet.