Question

From the information about Vale Corporation in Figures 22.12 and 22.13, do the following:
a. For each year calculate its current ratio and acid test ratio.
b. For each year prepare the income statement in common-size percentages. (Round to the nearest tenth of a percent.)
c. Prepare a trend analysis of the balance sheet using 2011 as the base year. (Round to the nearest percent.)
In Figures 22.12
VALE CORPORATION
COMPARATIVE INCOME STATEMENT
FOR YEARS ENDED DECEMBER 31, 2013, 2012, 2011


In Figures 22.13
VALE CORPORATION
COMPARATIVE BALANCE SHEET
FOR YEARS ENDED DECEMBER 31, 2013, 2012, 2011


* 2013 Inventory, $600; 2012, $400; 2011,$1,000.


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  • CreatedApril 24, 2014
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