The financial statements of The North West Company Inc. are presented in Appendix A at the end

Question:

The financial statements of The North West Company Inc. are presented in Appendix A at the end of this book. The following selected condensed information (in thousands) has been taken from these, and the prior years', financial statements:

The financial statements of The North West Company Inc. are

Instructions
(a) Using horizontal analysis, calculate the percentage of the base-year amount for the information shown above, assuming 2014 is the base year.
(b) Using vertical analysis, calculate the percentage of a base amount for each of the
(1) Income statement and
(2) Statement of financial position, shown above for each year.
(c) Comment on any significant changes you observe from your calculations in parts (a) and (b).

Financial Statements
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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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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