Comparative data from the statement of financial position of Elke Ltd. are shown below. (a) Using horizontal
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(a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2013 as the base year.
(b) Using vertical analysis, calculate the percentage of the base amount for each year.
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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