Question: Comparative data from the balance sheet of Spin Master Corp., which creates childrens entertainment products such as Rubiks Cube, are shown below. Instructions a. Using

Comparative data from the balance sheet of Spin Master Corp., which creates children’s entertainment products such as Rubik’s Cube, are shown below.

SPIN MASTER CORP. Consolidated Statements of Financial Position December 31, 2020, and

Instructions

a. Using horizontal analysis, calculate the percentage change between 2020 and 2019.

b. Using vertical analysis, calculate the percentage of the base amount for each year.

c. Based on your calculations in parts (a) and (b), identify any significant changes from 2019 to 2020.

SPIN MASTER CORP. Consolidated Statements of Financial Position December 31, 2020, and December 31, 2019 (in U.S. millions) Assets Current assets Non-current assets Total assets Liabilities and Shareholders' Equity Current liabilities Non-current liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity Dec. 31, 2020 $ 789.3 552.8 $1,342.1 $ 405.4 93.8 499.2 842.9 $1,342.1 Dec. 31, 2019 $ 760.7 495.7 $1,256.4 $ 399.0 97.0 496.0 760.4 $1,256.4

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