b) The comparative condensed statements of financial position of Bailey Enterprise are presented below. Assets Comparative Condensed Statements of Financial Position December 31 Property, plant, and equipment (net) Intangibles Current assets Total assets Equity and liabilities Shareholders' equity Non-current liabilities Current liabilities Total equity and liabilities 2017 RM 94,500 33,500 70.000 198,000 Required: 1) Prepare a horizontal analysis using 2016 as a base. 2) Prepare a vertical analysis in columnar form for 2017. 16,200 141,000 40.800 198,000 2016 RM 90,000 40,000 80,000 210,000 12,000 150,000 48.000 210,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Please do not give solution in image format thanku 

b) The comparative condensed statements of financial position of Bailey Enterprise are
presented below.
Assets
Comparative Condensed Statements of Financial Position
December 31
Property, plant, and equipment (net)
Intangibles
Current assets
Total assets
Equity and liabilities
Shareholders' equity
Non-current liabilities
Current liabilities
Total equity and liabilities
2017
RM 94,500
33,500
70,000
198,000
Required:
1) Prepare a horizontal analysis using 2016 as a base.
2) Prepare a vertical analysis in columnar form for 2017.
16,200
141,000
40.800
198,000
2016
RM 90,000
40,000
80,000
210,000
12,000
150,000
48.000
210,000
Transcribed Image Text:b) The comparative condensed statements of financial position of Bailey Enterprise are presented below. Assets Comparative Condensed Statements of Financial Position December 31 Property, plant, and equipment (net) Intangibles Current assets Total assets Equity and liabilities Shareholders' equity Non-current liabilities Current liabilities Total equity and liabilities 2017 RM 94,500 33,500 70,000 198,000 Required: 1) Prepare a horizontal analysis using 2016 as a base. 2) Prepare a vertical analysis in columnar form for 2017. 16,200 141,000 40.800 198,000 2016 RM 90,000 40,000 80,000 210,000 12,000 150,000 48.000 210,000
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Balance Sheet Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education