The following condensed information is available for Big Rock Brewery Inc.:
BIG ROCK BREWERY INC.
Statement of Financial Position
December 31
(In thousands)

BIG ROCK BREWERY INC.
Income Statement
December 31
(In thousands)

Instructions
(a) Using vertical analysis, calculate the percentage of the base amount for the statement of financial position and income statement for each year.
(b) Identify the key components in Big Rock's statement of financial position and income statement that are primarily responsible for the change in the company's financial position and performance over the three-year period.
(c) How has Big Rock primarily financed its assets-through debt or equity-over the last three years?

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2012 2011 2010 Assets Current assets Non-current assets Total assets Liabilities and Shareholders' Equi Liabilities $10,895 35,405 8,089 37,081 $45,170 $ 7,426 27,035 $34,461 5,575 7,146 12,721 32,449 $45,170 Current liabilities 6,318 7,911 14,229 32,071 $46,300 4,322 4,786 9,108 25,353 $34,461 Non-current liabilities Total liabilities Shareholders' equity Total liabilities and shareholders equity Net sales Cost of goods sold Gross proft Operating expenses Profit from operations Other revenues and expenses 2012 $46,057 21,149 24,908 19,290 5,618 2011 $45,183 21,385 23,798 20,455 3,343 2010 $45,130 19,418 25,712 20,054 5,658 Interest expense 93 141 147 Other income Profit before income tax Income tax expense (recovery) Profit (204 (288)(327 3,490 5,729 1,594 $ 4,135 5,838 957 (279 s6,117 $ 2,533