Nestlé's financial statements are presented in Appendix B. Financial statements for Petra Foods are presented in Appendix

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Nestlé's financial statements are presented in Appendix B. Financial statements for Petra Foods are presented in Appendix C.
Instructions
(a) Based on the information contained in these financial statements, determine each of the following for each company for the most recent fiscal year shown.
(1) The percentage increase (decrease) in
(i) Net sales and
(ii) Net income.
(2) The percentage increase in
(i) Total assets and
(ii) Total ordinary shareholders' equity.
(b) What conclusions concerning the two companies can be drawn from these data?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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