Question
Case 2 . (2 Marks) Selected comparative financial statements of Zayed Abu Dhabi Corporation follow. Zayed Abu Dhabi Corporation Comparative Balance Sheets For the years
Case 2. (2 Marks) Selected comparative financial statements of Zayed Abu Dhabi Corporation follow.
Zayed Abu Dhabi Corporation |
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Comparative Balance Sheets |
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For the years ended December 31, 2017-2020 |
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| 2020 | 2019 | 2018 | 2017 | |
Cash | 58 | 82 | 78 | 84 | |
Accounts recble., net | 466 | 490 | 514 | 360 | |
Merchandise inventory | 1802 | 1190 | 1332 | 998 | |
Plant assets, net | 2020 | 1752 | 2014 | 944 | |
Total assets | 4442 | 4002 | 3518 | 2600 | |
Required: Compute trend percentage (to one decimal) for each year using 2017 as the base year.
Answer
Zayed Abu Dhabi Corporation |
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Comparative Balance Sheets |
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For the years ended December 31, 2017-2020 |
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| 2020 | 2019 | 2018 | 2017 | |
Cash |
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Accounts recble., net |
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Merchandise inventory |
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Plant assets, net |
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Total assets |
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