Eco Play Ltd. Balance Sheet ($000) As at December 31 2020 2019 Assets Cash. 571 2,928 Trade and other receivables. 13,672 14,260 Inventories... 31,794 24,961 Prepaid expenses. 579 450 Other current assets. 2,244 Property, plant, and equipment. 46,195 39,719 Goodwill. 1,084 Total assets. $96,139 $82,318 Liabilities and Equity Trade and other payables.. $19,479 S1s,061 Income taxces payable. 377 Current loans. 11,104 2,512 Other current liabilities. 1,297 639 Long-term loans. 14,458 5,189 Other long-term liabilities. 3,422 3,421 Share capital. 17,724 17,724 Contributed surplus. 794 794 Retained earnings. 27,914 33,601 Accumulated other loss... comprehensive (53) Total liabilities and equity.. $96,139 S82,318 Required: Prepare a common-size balance sheet on a comparative basis for 2019 and 2020

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Eco Play Ltd.
Balance Sheet ($000)
As at December 31
2020
2019
Assets
Cash.
571
2,928
Trade and other receivables. .
13,672
14,260
Inventories.
31,794
24,961
Prepaid expenses.
579
450
Other current assets.
2,244
Property, plant, and equipment.
46,195
39,719
Goodwill.
1,084
-0
Total assets.
$96,139 S82.318
Liabilities and Equity
Trade and other payables..
$19,479 $18,061
Income taces payable.
377
Current loans.
11,104
2,512
Other current liabilities.
1,297
639
Long-term loans..
14,458
5,189
Other long-term liabilities
3,422
3,421
Share capital.
17,724
17,724
Contributed surplus.
794
794
Retained earnings.
27,914
33,601
Accumulated other
loss..
comprehensive
(53)
Total liabilities and equity......
$96,139
$82,318
Required:
Prepare a common-size balance sheet on a comparative basis for 2019 and 2020
Transcribed Image Text:Eco Play Ltd. Balance Sheet ($000) As at December 31 2020 2019 Assets Cash. 571 2,928 Trade and other receivables. . 13,672 14,260 Inventories. 31,794 24,961 Prepaid expenses. 579 450 Other current assets. 2,244 Property, plant, and equipment. 46,195 39,719 Goodwill. 1,084 -0 Total assets. $96,139 S82.318 Liabilities and Equity Trade and other payables.. $19,479 $18,061 Income taces payable. 377 Current loans. 11,104 2,512 Other current liabilities. 1,297 639 Long-term loans.. 14,458 5,189 Other long-term liabilities 3,422 3,421 Share capital. 17,724 17,724 Contributed surplus. 794 794 Retained earnings. 27,914 33,601 Accumulated other loss.. comprehensive (53) Total liabilities and equity...... $96,139 $82,318 Required: Prepare a common-size balance sheet on a comparative basis for 2019 and 2020
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