Selected data from the comparative statement of financial position of Rioux Ltd. are shown below: (a) Using

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Selected data from the comparative statement of financial position of Rioux Ltd. are shown below:

(a) Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2013 is the base year.
(b) Using horizontal analysis, calculate the percentage change for each year.

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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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Question Posted: Jan 11, 2017 10:45 AM

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Selected data from the comparative statement of financial position of Rioux Ltd. are shown below: (a) Using

Question:

2015 2014 2013 Cash Accounts receivable Inventory Property, plant, and equipmernt Intangible assets Total assets 150,000 175,000 75,000 450,000 780,000 600,000 700,000 ,130,000 2,800,000 2,850,000 0 $4,750,000 $4,075,000 $4,075,000 600,000 400,000 90,000 100,000

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a Horizontal percentage of a baseyear amount 2015 2014 2013 Ca...View the full answer

Financial Accounting Tools for Business Decision Making

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