Question 5 Selected data from the comparative statements of the financial position of Rioux Ltd. are...

Transcribed Image Text:

Question 5 Selected data from the comparative statements of the financial position of Rioux Ltd. are shown below: 2021 2020 Cash 150,000 175,000 2019 75,000 Accounts receivable 600,000 400,000 450,000 Inventory 780,000 600,000 700,000 Property, plant, 3,130,000 2,800,000 2,850,000 equipment Intangible assets 90,000 Total assets 4,750,000 100,000 4,075,000 0 4,075,000 1. Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2019 is the base year. For each account for 2020 and 2021. 10 marks Question 5 Selected data from the comparative statements of the financial position of Rioux Ltd. are shown below: 2021 2020 Cash 150,000 175,000 2019 75,000 Accounts receivable 600,000 400,000 450,000 Inventory 780,000 600,000 700,000 Property, plant, 3,130,000 2,800,000 2,850,000 equipment Intangible assets 90,000 Total assets 4,750,000 100,000 4,075,000 0 4,075,000 1. Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2019 is the base year. For each account for 2020 and 2021. 10 marks