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Brief Exercise 14-1 Selected data from the comparative statements of financial position of Kennel Ltd. are shown below: 2016 $75,000 445,000 Cash Accounts receivable Inventory
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Kennel Ltd. are shown below: 2016 $75,000 445,000 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets 2018 $152,000 601,000 784,000 3,154,000 89,000 $4,780,000 2017 $174,000 398,000 600,000 2,791,000 99,000 $4,062,000 701,000 2,832,000 $4,053,000 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 Cash Accounts receivable Inventory Property, plant, and equipment LINK TO TEXT Using horizontal analysis, calculate the percentage change for each year. (Round answers to 1 decimal place, e.g. 5.2%. Enter negative amounts using either a negative sign preceding the number e.g. -45.1% or parenthesis e.g. (45.1) %.) 2018 2017 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets LINK TO TEXT
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