The financial information for Forrester Ltd is provided below. Required (a) Prepare a schedule showing a horizontal
Question:
The financial information for Forrester Ltd is provided below.
Required
(a) Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year.
(b) Explain the changes that have occurred for Forrester Ltd between 2016 and 2017.
Transcribed Image Text:
Current assets Property, plant and equipment (net) Current liabilities Non-current liabilities Share capital, $1 each Retained earnings 30 June 2017 $ 96000 680 000 45 000 72 000 450000 209 000 30 June 2016 $88 000 630 000 50 000 78000 365 000 225 000
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answer a Horizontal Analysis 30 June 2017 30 June 2016 Change Current assets 96 000 88 000 864 Prope...View the full answer
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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
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