The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of
Question:
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Instructions
(a) Calculate the horizontal percentage of the base-year amount for the selected information shown above, assuming 2008 is the base year.
(b) Calculate the vertical percentage of a base amount for each of the (1) income statement data, using revenue as the base amount, and (2) statement of financial position data, using total assets as the base amount, shown above for each year.
(c) Comment on any significant changes you observe from your calculations in (a) and (b).
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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a EASTERN PLATINUM LIMITED Horizontal Analysis of Income Statement of baseyear amount Year Ended December 31 in US thousands 2010 2009 2008 Revenue 1352 971 1000 Cost of operations 1399 1057 1000 Mine ...View the full answer
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