Comparative data from the balance sheet of BlackBerry Limited are shown below. Instructions (a) Using horizontal analysis,
Question:
Instructions
(a) Using horizontal analysis, calculate the percentage change between 2014 and 2015.
(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 2014 to 2015.
BLACKBERRY LIMITED Consolidated Balance Sheet February 28, 2015, and March 1, 2014 (in U.S. millions) Assets Current assets Non-current assets Feb. 28, 2015 $4,167 2,382 $6,549 Mar. 1, 2014 $4,848 2,704 $7,552 Total assets Current liabilities Non-current liabilities $1,363 1,755 3,118 3,431 $6,549 $2,268 1,659 3,927 3,625 $7,552 Total liabilities Shareholders' equity Total liabilities and shareholders' equity
Step by Step Answer:
a BLACKBERRY LIMITED Balance Sheet February 28 2015 and March 1 2014 In US millions Increase Decreas...View the full answer
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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