Comparative data from the statement of financial position of Elke Ltd. are shown below. (a) Using horizontal
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(a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2013 as the base year.
(b) Using vertical analysis, calculate the percentage of the base amount for each year.
Transcribed Image Text:
2015 $1,530,000 3,130,000 $4,750,000 2014 $1,175,000 2,800,000 2013 $1,225,000 2,850,000 Current assets Property, plant, and equipment Goodwill 90,000 100,000 0 Total assets $4,075,000 $4,075,000
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a 2015 2014 2013 Current assets 125 96 100 Property plant and e...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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