Condensed data from the comparative statement of financial position of Dressaire Inc. follow: Instructions (a) Using horizontal

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Condensed data from the comparative statement of financial position of Dressaire Inc. follow:

Instructions
(a) Using horizontal analysis, calculate the percentage of a base-year amount, using 2013 as the base year.
(b) Using horizontal analysis, calculate the percentage change for each year.

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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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Question Posted: Jan 11, 2017 10:46 AM

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Condensed data from the comparative statement of financial position of Dressaire Inc. follow: Instructions (a) Using horizontal

Question:

Current assets Non-current assets Current liabilities Non-current liabilities Common shares Retained earnings 2015 $120,000 400,000 70,000 165,000 150,000 135,000 2014 80,000 350,000 90,000 105,000 115,000 120,000 2013 100,000 300,000 65,000 150,000 100,000 85,000

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a DRESSAIRE INC Horizontal Analysis of Statement of Financial Position of baseyear amount 2015 2014 ...View the full answer

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