Question: question 1 Comparative data from the statement of financial position of Acoustart Ltd. are shown below. 2018 2017 2016 Current assets $1,538,000 $1,168,000 $1,224,000 Property,
question 1 Comparative data from the statement of financial position of Acoustart Ltd. are shown below. 2018 2017 2016 Current assets $1,538,000 $1,168,000 $1,224,000 Property, plant, and equipment 3,161,000 2,792,000 2,854,000 Goodwill 108,000 118,000 Total assets $4,807,000 $4,078,000 $4,078,000 Using horizontal analysis, calculate the percentage of the base-year amount, using 2016 as the base year. (Round answers to 1 decimal place, e.g. 52.796.) 2018 2017 2016 Current assets Property, plant, and equipment Total assets Using vertical analysis, calculate the percentage of the base amount for each year. (Round percentages to I decimal places, e.g. 52.7%.) 2017 2018 Percentage 2016 Percentage Amount Amount Percentage Amount Current assets Property, plant, and equipment Goodwill Total assets
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