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

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

(a) Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 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: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jun 15, 2017 09:33 AM

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

Question:

2018 2017 2016 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets $150,00o $ 175,000$ 75,000 600,000 400,000 450,000 780,000 600,0o0 700,000 2,800,000 3,130,000 2,850,00o 90,000100,o00 0 $4,750,0oo $4,075,000 $4,075,000

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a Horizontal percentage of a baseyear amount 2018 2017 2016 Cas...View the full answer

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