Prepare a schedule showing a horizontal analysis 2018 using 2017 as the base year

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Financial information for Sarfaraz Co. is presented below                                                             

 

December 31. 2018

December 31, 2017

Current Assets

RS. 128,000

Rs. 100,000

Plant Assets

       396,000

       330,000

Current Liabilities

         91,000

         70,000

Long- Term Liabilities

        138,700

         95,000

CommonStockRs.1 par

        159,000

       115,000

Retained Earning

        135,300

       150,000

       

Required: Prepare a schedule showing a horizontal analysis 2018 using 2017 as the base year

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