Brief Exercise 14-1 (Part Level Submission) Selected data from the comparative s

Question

Brief Exercise 14-1 (Part Level Submission) Selected data from the comparative statements of financial position of Accustart Ltd. are shown below 2018 2017 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets 596,000 773,000 3,127,000 88,000 $152,000 $173,000 403,000 606,000 2,777,000 98,000 2016 $75,000 454,000 695,000 2,840,000 $4,736,000 $4,057,000 $4,064,000 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, eg. 5.296.) 2018 2017 2016 Cash Accounts receivable Inventory Property, plant, and equipment

Explanation / Answer

2018 2017 2016 Cash 202.7% 230.7% 100% Accounts Receivable 131.3% 88.8% 100% Inventory 111.2% 87.2% 100% Property,Plant and Equipment 110.1% 97.8% 100%

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