The statement of financial position for Bondi Ltd is presented below. Required (a) Prepare a horizontal analysis
Question:
The statement of financial position for Bondi Ltd is presented below.
Required
(a) Prepare a horizontal analysis of the statement of financial position data for Bondi Ltd using 2016 as a base. Show the amount of increase or decrease as well.
(b) Prepare a vertical analysis for Bondi Ltd for 2016 and 2017.
Transcribed Image Text:
Assets Current assets Property, plant and equipment (net) Intangibles Total assets Liabilities and equity Current liabilities Non-current liabilities BONDI LTD Statement of financial position as at 30 June 2017 Equity Total liabilities and equity 2017 $ 88 000 81 000 31000 $200 000 $ 52000 135 000 13 000 $200 000 2016 $ 80000 90 000 40 000 $210000 $ 48000 150 000 12 000 $210000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
a Horizontal Analysis BONDI LTD Statement of Financial Position as at 30 June 2017 Horizontal ...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
Question Posted:
Students also viewed these Business questions
-
Zorro Foods have provided following information about its portfolio, where the securities are classified as available for sale. Security Cost(S) Fair Value($) Fair Value($) 31.12.2016 31.12.2017...
-
The statement of financial position for Paragon Corporation at November 30, 2009, the end of its current fiscal year, follows. The market price of the companys common stock was $4 per share on...
-
The statement of financial position for Diaz Company includes the following accounts: Accounts Receivable .... 12,500; Prepaid Insurance ...... 3,600; Cash ........... 15,400; Supplies .............
-
When they hear the name Credit Suisse, my grandchildren will likely have to google (or whichever search engine exists then) these two words. For most of my contemporaries here in Switzerland, Credit...
-
What are the benefits of a corporations hedging? In your answer, explain why the corporation and not the corporations equity holders must do the hedging. Are there any costs to a corporations hedging?
-
IGF Foods Company is a large, primarily domestic, consumer foods company involved in the manufacture, distribution, and sale of a variety of food products. Industry averages are derived from Troys...
-
List the characteristics that differentiate an SNS from other types of online communities.
-
The IRS is concerned with improving the accuracy of tax Information given by its representatives over the telephone. Previous studies involved asking a set of 25 questions of a large number of IRS...
-
The Guardians of the Universe launch a satel- lite that goes into orbit at a distance of 16287 km from the center of the earth. If the orbit is circular what is its speed? The universal gravitational...
-
In Exercises 22-24, the metal plate has the constant temperatures shown on its boundaries. Find the equilibrium temperature at each of the indicated interior points by setting up a system of linear...
-
Presented here are incomplete financial statements of Ascot Ltd. Additional information: 1. The receivables turnover for the year ended 30 June 2016 is 10 times. 2. All sales are on account. 3. The...
-
You are a loan officer at Corporate Bank. Penny Wise, manager of Leverage Ltd, is interested in a 5-year loan to expand the entitys operations. The borrowed funds would be used to purchase new...
-
Inventory of various medical supplies and drugs is a material account on the Shady Oaks Centre audit engagement. You are planning to adopt a combined audit approach for existence of inventory and...
-
Calculate the loan risk associated with a $2 million, five-year loan to a BBB-rated corporation in the computer parts industry that has a duration of 6.4 years. The cost of funds for the bank is 8...
-
Calculate the loan risk associated with a $3 million, five-year loan to a BBB-rated corporation in the computer parts industry that has a duration of 3.5 years. The cost of funds for the bank is 8...
-
Insight Bank has a $ 14 million position in a ten-year, zero-coupon bond with a face value of $17 000 000. The bond is trading at a yield to maturity of 6.7 per cent. The historical mean change in...
-
Bank Alpha has given out a pool of mortgages with principal amount of $13 million. These mortgages have an average maturity of 22 years and a monthly mortgage payment of 7 per cent per annum. (Assume...
-
PierTwo purchased at par 100 $100 5% bonds of Supplier Inc. on January 1. To avoid exposure to fluctuations in the fair value of Supplier Inc. bonds, PierTwo acquires a 12-month put option on January...
-
What is the signum of the n-permutation = (n, n - 1,..., 2, 1)?
-
The following selected accounts and normal balances existed at year-end. Notice that expenses exceed revenue in this period. Make the four journal entries required to close the books: Accounts...
-
High Tech, Inc., is a public company that produces laser and ink jet printers. Jorge is an accounting staff member who works for the companys controller and is involved in preparing the annual...
-
Go to the Securities and Exchange Commissions Web site (www.sec.gov) and type Sarbanes-Oxley Act of 2002 in the search box. Click on the full text of the Sarbanes-Oxley Act of 2002. Required: a. Go...
-
Equipment Group produces excavating equipment for contractors. Equipment Group is working on the annual financial statements for its shareholders, who are expecting profits of $121,000,000 for the...
-
A proton (mass of 1.67 x 10-27 kg) is moving at 1.25 x 106 m/s directly toward a stationary helium nucleus (mass 6.64 x 10-27 kg). After a head-on elastic collision, what is the velocity of the...
-
The December 31, Year 4, balance sheet for Vernon Corporation is presented here. These are the only accounts on Vernon's balan sheet. Amounts indicated by question marks (?) can be calculated using...
-
Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was...
Study smarter with the SolutionInn App