TWC Enterprises Limited is Canada's largest golf course and resort owner. The following selected information is available for three recent fiscal years:

Instructions
(a) Using horizontal analysis, calculate the percentage of the base-year amount for each of the statement of financial position and income statement items, assuming 2013 is the base year.
(b) Identify the key components in TWC'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.

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TWC ENTERPRISES LIIITED Statement of Financial Position December 31 (in thousands) 2015 2014 2013 Assets Current assets Non-current assets Total assets $13,418 $ 12,127 9,650 661,208649,029 $712,065 $673,335 $658,679 678,647 ia ies er Liabilities Current liabilities $ 108,48o $ 103,044 $ 49,280 378,395369,735 416,106 486,875 472,779 465,386 225,190200,556 193,293 Total liabilities and shareholders' equity $712,065 $673,335 $658,679 Non-current liabilities Total liabilities Shareholders' equity TWC ENTERPRISES LIMITED Statement of Comprehensive Income Year Ended December 3:1 (in thousands) 2015 2014 2013 Revenuee Operating expenses Income from operations Other revenues and expenses Interest expense Other expense Income before income tax Income tax expense Net income Other comprehensive income Comprehensive income $227,309 $213,050 $213,711 190,350 181,519 174,765 36,95931,531 38,946 19,65920,57320,57 9,960 6,181 135 ,3404,77718,234 3,0811,3125,080 4,259 3,46513,154 5.527 $ 24,634 $ 12,145 $ 18,681 20,375 8,680