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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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