Comparative data from the balance sheet of Spin Master Corp., which creates childrens entertainment products such as
Question:
Comparative data from the balance sheet of Spin Master Corp., which creates children’s entertainment products such as Rubik’s Cube, are shown below.
Instructions
a. Using horizontal analysis, calculate the percentage change between 2020 and 2019.
b. Using vertical analysis, calculate the percentage of the base amount for each year.
c. Based on your calculations in parts (a) and (b), identify any significant changes from 2019 to 2020.
Transcribed Image Text:
SPIN MASTER CORP. Consolidated Statements of Financial Position December 31, 2020, and December 31, 2019 (in U.S. millions) Assets Current assets Non-current assets Total assets Liabilities and Shareholders' Equity Current liabilities Non-current liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity Dec. 31, 2020 $ 789.3 552.8 $1,342.1 $ 405.4 93.8 499.2 842.9 $1,342.1 Dec. 31, 2019 $ 760.7 495.7 $1,256.4 $ 399.0 97.0 496.0 760.4 $1,256.4
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a b c The most significant changes from 2019 to 2020 include the increase in the noncurrent asse...View the full answer
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Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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