Comparative data from the balance sheet of BlackBerry Limited are shown below. Instructions a. Using horizontal analysis,
Question:
Comparative data from the balance sheet of BlackBerry Limited are shown below.
Instructions
a. Using horizontal analysis, calculate the percentage change between 2018 and 2017.
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 signifi cant changes from 2017 to 2018.
BLACKBERRY LIMITED Consolidated Balance Sheet February 28, 2018 and February 28, 2017 (in U.S. millions) Feb. 28, 2018 Feb. 28, 2017 Assets Current assets $2,548 $1,717 Non-current assets 1,232 1,579 Total assets $3,296 $3,780 Liabilities and Shareholders' Equity $ 464 $ 621 Current liabilities Non-current liabilities 811 618 Total liabilities 1,275 1,239 Shareholders' equity 2,505 2,057 Total liabilities and shareholders' equity $3,780 $3,296
Step by Step Answer:
a BLACKBERRY LIMITED Balance Sheet February 28 in US millions Increase Decrease 2018 2017 Amount Per...View the full answer
Accounting Principles Volume 2
ISBN: 978-1119502555
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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This video is about ways to attempt consolidated balance sheet questions. since the unconsolidated financial statements of parent and subsidiary companies are prepared separately, consolidating the balance sheets of both companies is critical and sometimes becomes complex. the tutorial will guide students on to how questions on attempting questions on consolidated financial statements in an easier yet more effective way.
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