Selected data from the comparative statement of financial position of Rioux Ltd. are shown below: (a) Using
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Selected data from the comparative statement of financial position of Rioux Ltd. are shown below:
(a) Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2013 is the base year.
(b) Using horizontal analysis, calculate the percentage change for each year.
Transcribed Image Text:
2015 2014 2013 Cash Accounts receivable Inventory Property, plant, and equipmernt Intangible assets Total assets 150,000 175,000 75,000 450,000 780,000 600,000 700,000 ,130,000 2,800,000 2,850,000 0 $4,750,000 $4,075,000 $4,075,000 600,000 400,000 90,000 100,000
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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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