Question: Comparative data (in thousands) from the balance sheet of Winisk Ltd. are shown below. Using horizontal analysis, calculate the percentage of the base-year amount, assuming

Comparative data (in thousands) from the balance sheet of Winisk Ltd. are shown below. Using horizontal analysis, calculate the percentage of the base-year amount, assuming 2012 is the base year.

2014 $ 24 268 499 2013 4 227 481 2012 30 197 395 10 S632 Accounts receivable Inventory Prepaid expenses 1 Total current assets $813

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