Question
Comparative data from the statement of financial position of Ridgewood Ltd. are shown below. 2024 2023 2022 Current assets $1,537,000 $1,182,000 $1,217,000 Property, plant,
Comparative data from the statement of financial position of Ridgewood Ltd. are shown below. 2024 2023 2022 Current assets $1,537,000 $1,182,000 $1,217,000 Property, plant, and equipment 3,101,000 2,811,000 2,872,000 Goodwill 86,000 96,000 -0- Total assets $4,724,000 $4,089,000 $4,089,000 (a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2022 as the base year. (Round answers to O decimal place, e.g. 52%)
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
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