Question: Please I NEED HELP ASAP.. how to explain the horizontal analysis from this example balance sheet in words? CONSOLIDATED BALANCE SHEET In millions of Canadian

Please I NEED HELP ASAP..

how to explain the horizontal analysis from this example balance sheet in words?

CONSOLIDATED BALANCE SHEET In millions of Canadian dollars) May 5. 2018 May6, 2017 ASSETS Current Cash and cash equivalents 627.9 207.3 Receivables 133.2 413.6 Inventones (NOTE ) 1,251.6 1,322 2 Prepaid expenses 126.8 117.5 Loans and other receivables (VOTE S 20.9 25.5 Income taxes receivable 15.2 31.9 Assets held for sale (NOTE & 48.5 2,496.0 2.166.5 Loans and other receivables (NOTE ) 80.6 821 Investments 25.1 Investments, at equity (NOTE n) 571.8 648.4 Other assets (NOTE & 34.1 43.3 Property and equipment (NOTE .) 2,787.3 3.03 3.3 Investment property (NOTE 10) 93.9 103.0 Intangibles (NOTE 11) 842.0 680.5 Goodwill (NOTE 12) 1,001.9 1,003.4 Deferred tax assets (NOTE 13) 754 7095 $ 8,662.0 $ 8,695.5 LIABILITIES Current Accounts payable and accrued liabilities $ 2,253.8 2,230 2 Income taxes payable 53.5 38.4 Provisions (NOTE 14) 127.6 88.1 Long-term debt due within one year (NOTE Is) 134.0 2,962.3 2,490.7 Provisions (NOTE 14) 129.3 105.8 Long-term debt(Note in 1,139.5 1,736.8 Other long-term liabilities (NOTE 1 158.6 141.7 Employee future benefits (NOTE In) 361.2 374.0 Deferred tax liabilities (NOTE 1) 141.3 143.8 4,892.2 4.9928 SHAREHOLDERS' EQUITY Capital stock (NOTE 140 2,039.5 2,034.4 Contributed surplus 22.9 25.3 Retained earnings 1,627.9 1,5728 Accumulated other comprehensive income 12.5 11.7 3,702.8 3,644.2 Non-controlling interest 67.0 58.5 3,769 8 3,702.7 $ 8,6620 $ 8,695.5

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