From the information about Vale Corporation in Figures 22.12 and 22.13, do the following: a. For each

Question:

From the information about Vale in Figures 22.12 and 22.13, do the following:
a. For each year calculate its current ratio and acid test ratio.
b. For each year prepare the income statement in common-size percentages. (Round to the nearest tenth of a percent.)
c. Prepare a trend analysis of the using 2011 as the base year. (Round to the nearest percent.)
In Figures 22.12
VALE INCOME STATEMENT
FOR YEARS ENDED DECEMBER 31, 2013, 2012, 2011

From the information about Vale Corporation in Figures 22.12 and

In Figures 22.13
VALE CORPORATION
COMPARATIVE BALANCE SHEET
FOR YEARS ENDED DECEMBER 31, 2013, 2012, 2011

* 2013 Inventory, $600; 2012, $400; 2011,$1,000.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...