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Comparative data from the statement of financial position of Crown Point Ltd. are shown below. Current assets Property, plant, and equipment 2024 $1,539,000 3,110,000 2023 $1,187,000 2,790,000 2022 $1,220,000 2,868,000

Comparative data from the statement of financial position of Crown Point Ltd. are shown below. Current assets Property, plant, and equipment 2024 $1,539,000 3,110,000 2023 $1,187,000 2,790,000 2022 $1,220,000 2,868,000

FINANCIAL ACCOUNTING
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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Comparative data from the statement of financial position of Crown Point Ltd. are shown below. Current assets Property, plant, and equipment Goodwill Total assets 2024 $1,539,000 3,110,000 101,000 $4,749,000 2023 $1,187,000 2,790,000 111,000 $4,088,000 2022 $1,220,000 2,868,000 $4,088,000
Transcribed Image Text:Comparative data from the statement of financial position of Crown Point Ltd. are shown below. Current assets Property, plant, and equipment Goodwill Total assets 2024 $1,539,000 3,110,000 101,000 $4,749,000 2023 $1,187,000 2,790,000 111,000 $4,088,000 2022 $1,220,000 2,868,000 $4,088,000
Using horizontal analysis, calculate the percentage of the base-year amount, using 2022 as the base year. (Round answers to O decimal places, eg. 52%) Current assets Property, plant, and equipment Total assets 2024 1 % 2023 % 2022 % %
Transcribed Image Text:Using horizontal analysis, calculate the percentage of the base-year amount, using 2022 as the base year. (Round answers to O decimal places, eg. 52%) Current assets Property, plant, and equipment Total assets 2024 1 % 2023 % 2022 % %
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