Comparative data from the statement of financial position of Elke Ltd. are shown below. (a) Using horizontal

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Comparative data from the statement of financial position of Elke Ltd. are shown below.
(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.
Comparative data from the statement of financial position of Elke
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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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