Question

Presented below are comparative statements of financial position for the Gilmour Company.


Instructions
(Round to two decimal places.)
(a) Prepare a comparative statement of financial position of Gilmour Company showing the percent each item is of the total assets or total liabilities and equity.
(b) Prepare a comparative statement of financial position of Gilmour Company showing the dollar change and the percent change for each item.
(c) Of what value is the additional information provided in part (a)?
(d) Of what value is the additional information provided in part(b)?


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  • CreatedJune 17, 2013
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