Question

Use the financial statements for Fairplay Inc. provided in E12-5 to respond to the following:
a. Prepare trend (horizontal analysis) balance sheets and income statements for 2016, 2017, and 2018. Use 2016 as the base year.
b. Analyze and interpret the trend financial statements you prepared.
c. How are these trend statements more useful than the statements originally prepared by Fairplay?
d. Why would it be unwise to examine the trend financial statements without considering the financial statements originally prepared by Fairplay?



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  • CreatedFebruary 26, 2015
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