Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground

Question:

Alberta Playground Inc. produces, markets, distributes, and installs durable playground equipment. It is a new, growing playground distributor in Canada, and is hoping to expand to other provinces shortly. Its head office is in Edmonton, Alberta, and its 2020 and 2019 balance sheets and income statements follow.

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Assume the common shares represent 203,830 (thousand) shares issued and outstanding for the entire year ended March 31, 2020.

Required

1. Prepare a common-size balance sheet and income statement on a comparative basis for 2020 and 2019. Identify any significant changes from 2019 to 2020. Round calculations to two decimal places.

2. Calculate the 2020 ratios for Alberta Playground Inc. by completing the schedule below, including a comparison against the industry averages in Exhibit 17.11. Round calculations to two decimal places.

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Exhibit 17.11

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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