Condensed information is available forGOLD Ltd. in Assignment-Data sheet
Using the Assignment-Template, form the I/S and the B/S for the company
Using horizontal analysis, calculate the percentage of the base-year % for each of the statement of financial position and income statement items, assuming 2020 is the base year.
Using horizontal analysis, calculate the percentage of YoY % changes for each of the statement of financial position and income statement items.
Using vertical analysis, calculate the percentage of the base amount for the statement of financial position (% of Total Assets (or Total L+OE) Analysis) and income statement (% of Sales Analysis) for each year.
Identify at least one important change over the three year period in GOLD Ltd's statement of financial position and write your comments about it.
Identify at least one important change over the three year period in GOLD Ltd's income statement and write your comments about it.
GOLD LTD.
B/S & I/S accounts
(in thousands)
	2022	2021	2020
Operating Expenses	225,000	126,000	105,000
Common Shares	495,000	450,000	450,000
Current Liabilities	127,500	120,000	45,000
Long Term Investments	82,500	105,000	67,500
Accounts Receivable	82,500	67,500	72,000
Interest Expense	15,000	6,000	3,000
Retained Earnings	247,500	187,500	124,500
Inventory	150,000	127,500	96,000
Property, plant and equipment	750,000	555,000	387,000
Cost of Good Sold	675,000	450,000	300,000
Income Tax Expense	27,000	18,600	8,400
Cash	37,500	30,000	27,000
Sales	1,050,000	675,000	450,000
Non-current Liabilities	232,500	127,500	30,000