Comparative Condensed Statements of Financial PositionDecember 3120162015AssetsProperty, plant, and equipment (net)OMR 94,500OMR 90,000Intangibles33,50040,000Current assets70,00080,000Total assetsOMR 198,000OMR 210,000Equity and liabilitiesShareholders' equityOMR 16,200OMR 12,000Non-current liabilities141,000150,000Current liabilities40,80048,000Total equity and liabilitiesOMR 198,000OMR 210,000a. Prepare a horizontal analysis of the statements of financial position data for Al BuraimiCompany starting with 2015.b. Prepare a vertical analysis of the statements of financial position data for Al Buraimi Companyfor 2016.

The statement of financial position includes the assets, liabilities, and stockholders' equity of…

Answered: 2016 2015 Assets Property, plant, and…

2016 2015 Assets Property, plant, and equipment (net) OMR 94,500 OMR 90,000 Intangibles 33,500 40,000 Current assets 70,000 80,000 Total assets OMR 198,000 OMR 210,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Comparative Condensed Statements of Financial Position
December 31
2016
2015
Assets
Property, plant, and equipment (net)
OMR 94,500
OMR 90,000
Intangibles
33,500
40,000
Current assets
70,000
80,000
Total assets
OMR 198,000
OMR 210,000
Equity and liabilities
Shareholders' equity
OMR 16,200
OMR 12,000
Non-current liabilities
141,000
150,000
Current liabilities
40,800
48,000
Total equity and liabilities
OMR 198,000
OMR 210,000
a. Prepare a horizontal analysis of the statements of financial position data for Al Buraimi
Company starting with 2015.
b. Prepare a vertical analysis of the statements of financial position data for Al Buraimi Company
for 2016.

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