Comparative data (in thousands) from the balance sheet of Winisk Ltd. are shown below. Using horizontal analysis,

Question:

Comparative data (in thousands) from the of Winisk Ltd. are shown below. Using horizontal analysis, calculate the percent of base year, assuming 2014 is the base year.

Comparative data (in thousands) from the balance sheet of Winisk

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...