Question: Comparative data from the balance sheet of Rioux Ltd. are shown below. (a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2012

Comparative data from the balance sheet of Rioux Ltd. are shown below.
(a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2012 as the base year.
(b) Using vertical analysis, calculate the percentage of the base amount for each year.

Current assets Property, plant, and equipment Goodwil 2014 $1,530,000 3,130,000 2013 $1,175,000 2,800,000 2012 $1,225,000 2,850,000 90,000 100,000 Total assets $4,750,000 $4,075,000 $4,075,000

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