Nestls financial statements are presented in Appendix B. Financial statements for Delfi Limited are presented in Appendix

Question:

Nestlé’s financial statements are presented in Appendix B. Financial statements for Delfi Limited are presented in Appendix C.

Instructions

a. Based on the information contained in the 2016 financial statements, determine each of the following for each company for the most recent fiscal year shown.

1. The percentage increase (decrease) in (i) net sales and (ii) net income.

2. The percentage increase in (i) total assets and (ii) total ordinary shareholders’ equity.

b. What conclusions concerning the two companies can be drawn from these data?

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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Question Posted: Jul 10, 2020 07:28 AM

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Nestls financial statements are presented in Appendix B. Financial statements for Delfi Limited are presented in Appendix

Question:

Step by Step Answer:

Nestl 1 Net sales CHF 89422 million CHF 85879 million x 100 1042 Increase in net sales 1042 100 4...View the full answer

Accounting Principles

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