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Question 1 The comparative condensed Statement of Financial Position of Alibaba Karaoke are presented below. ALIBABA KARAOKE Comparative Condensed Statement of Financial Position as of 31 December, 2015 2014 SGD' million SGD' million Assets Current assets Property, plant and equipment (net) Intangible assets Other assets 7,297.5 15,186.9 607.8 6,481.2 14,785.1 581.7 1,320.9 $24,413.1 775.2 TOTAL ASSETS $22,623.2 Liabilities and Stockholder's Equity Current liabilities Deferred and non-current liabilities Stockholders' equity 5,822.6 10,551.8 8,038.7 $24,413.1 4,857.2 9806.1 7,959.9 $22,623.2 ТОTAL LIABILITIES AND STOCKHOLDERS’ EQUITY Required: 1. Prepare a horizontal analysis of the Statement of Financial Position data for Alibaba Karaoke using 2014 as a base. 2. Prepare a vertical analysis of the Statement of Financial Position data for Alibaba Karaoke in columnar form for 2015. 3. Discuss the results.

Question 1 The comparative condensed Statement of Financial Position of Alibaba Karaoke are presented below. ALIBABA KARAOKE Comparative Condensed Statement of Financial Position as of 31 December, 2015 2014 SGD' million SGD' million Assets Current assets Property, plant and equipment (net) Intangible assets Other assets 7,297.5 15,186.9 607.8 6,481.2 14,785.1 581.7 1,320.9 $24,413.1 775.2 TOTAL ASSETS $22,623.2 Liabilities and Stockholder's Equity Current liabilities Deferred and non-current liabilities Stockholders' equity 5,822.6 10,551.8 8,038.7 $24,413.1 4,857.2 9806.1 7,959.9 $22,623.2 ТОTAL LIABILITIES AND STOCKHOLDERS’ EQUITY Required: 1. Prepare a horizontal analysis of the Statement of Financial Position data for Alibaba Karaoke using 2014 as a base. 2. Prepare a vertical analysis of the Statement of Financial Position data for Alibaba Karaoke in columnar form for 2015. 3. Discuss the results.

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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Question 1 The comparative condensed Statement of Financial Position of Alibaba Karaoke are presented below. ALIBABA KARAOKE Comparative Condensed Statement of Financial Position as of 31 December, 2015 2014 SGD' million SGD' million Assets Current assets Property, plant and equipment (net) Intangible assets Other assets 7,297.5 15,186.9 607.8 6,481.2 14,785.1 581.7 1,320.9 $24,413.1 775.2 TOTAL ASSETS $22,623.2 Liabilities and Stockholder's Equity Current liabilities 5,822.6 10,551.8 8,038.7 $24,413.1 4,857.2 9806.1 Deferred and non-current liabilities Stockholders' equity 7,959.9 $22,623.2 ТОTAL LIABILITIES AND STOCKHOLDERS’ EQUITY Required: 1. Prepare a horizontal analysis of the Statement of Financial Position data for Alibaba Karaoke using 2014 as a base. 2. Prepare a vertical analysis of the Statement of Financial Position data for Alibaba Karaoke in columnar form for 2015. 3. Discuss the results.
Transcribed Image Text:Question 1 The comparative condensed Statement of Financial Position of Alibaba Karaoke are presented below. ALIBABA KARAOKE Comparative Condensed Statement of Financial Position as of 31 December, 2015 2014 SGD' million SGD' million Assets Current assets Property, plant and equipment (net) Intangible assets Other assets 7,297.5 15,186.9 607.8 6,481.2 14,785.1 581.7 1,320.9 $24,413.1 775.2 TOTAL ASSETS $22,623.2 Liabilities and Stockholder's Equity Current liabilities 5,822.6 10,551.8 8,038.7 $24,413.1 4,857.2 9806.1 Deferred and non-current liabilities Stockholders' equity 7,959.9 $22,623.2 ТОTAL LIABILITIES AND STOCKHOLDERS’ EQUITY Required: 1. Prepare a horizontal analysis of the Statement of Financial Position data for Alibaba Karaoke using 2014 as a base. 2. Prepare a vertical analysis of the Statement of Financial Position data for Alibaba Karaoke in columnar form for 2015. 3. Discuss the results.
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