The following condensed information is available for Big Rock Brewery Inc.: BIG ROCK BREWERY INC. Statement of

Question:

The following condensed information is available for Big Rock Brewery Inc.:
BIG ROCK BREWERY INC.
Statement of Financial Position
December 31
(In thousands)
The following condensed information is available for Big Rock Brewery

BIG ROCK BREWERY INC.
Income Statement
December 31
(In thousands)

The following condensed information is available for Big Rock Brewery

Instructions
(a) Using vertical analysis, calculate the percentage of the base amount for the statement of financial position and income statement for each year.
(b) Identify the key components in Big Rock's statement of financial position and income statement that are primarily responsible for the change in the company's financial position and performance over the three-year period.
(c) How has Big Rock primarily financed its assets-through debt or equity-over the last three years?

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Related Book For  book-img-for-question

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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