Question
Condensed data from the comparative statement of financial position of Vermillion Inc. follow: 2021 2020 2019 Current assets $123,000 $109,000 $100,000 Non-current assets 397,000 334,000
Condensed data from the comparative statement of financial position of Vermillion Inc. follow:
| 2021 | 2020 | 2019 | |||||
|---|---|---|---|---|---|---|---|
| Current assets | $123,000 | $109,000 | $100,000 | ||||
| Non-current assets | 397,000 | 334,000 | 301,000 | ||||
| Current liabilities | 111,000 | 101,000 | 95,000 | ||||
| Non-current liabilities | 91,000 | 111,000 | 121,000 | ||||
| Common shares | 111,000 | 101,000 | 101,000 | ||||
| Retained earnings | 207,000 | 130,000 | 84,000 |
(a)
Using horizontal analysis, calculate the percentage of a base-year amount, using 2019 as the base year. (Round answers to 1 decimal place, e.g. 15.2%.)
| VERMILLION INC. Horizontal Analysis of Statement of Financial Position (% of base-year amount) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2019 | |||||||
| Current assets | enter percentages | % | enter percentages | % | enter percentages | % | |||
| Non-current assets | enter percentages | % | enter percentages | % | enter percentages | % | |||
| Current liabilities | enter percentages | % | enter percentages | % | enter percentages | % | |||
| Non-current liabilities | enter percentages | % | enter percentages | % | enter percentages | % | |||
| Common shares | enter percentages | % | enter percentages | % | enter percentages | % | |||
| Retained earnings | enter percentages | % | enter percentages | % | |||||
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The Volunteers Audit Guide For Churches And Other Non Profits A Step By Step Workbook For Internal Reviews Of Non Profit Organizations
Authors: Edd Breeden
1st Edition
1079582401, 978-1079582406
