Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Condensed data from the comparative statement of financial position (SFP) of Oriole Inc. follow: 2020 2019 2018 Current assets $120,000 $80,000 $100,000 Non-current assets 404,000

Condensed data from the comparative statement of financial position (SFP) of Oriole Inc. follow:

2020 2019 2018
Current assets $120,000 $80,000 $100,000
Non-current assets 404,000 365,000 296,000
Current liabilities 70,000 98,000 63,000
Non-current liabilities 172,000 112,000 151,000
Common shares 154,000 122,000 97,000
Retained earnings 128,000 113,000 85,000

Using vertical (common-size) analysis, calculate the various SFP categories as a percentage of total assets for Oriole Inc. for each of 2018, 2019, and 2020. (Round answers to 1 decimal place, e.g. 52.1%.)

2020 2019 2018
Current assets % % %
Non-current assets % % %
Current liabilities % % %
Non-current liabilities % % %
Common shares % % %
Retained earnings % % %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Michael J. Jones

1st Edition

0470058986, 978-0470058985

More Books

Students also viewed these Accounting questions

Question

How do you add two harmonic motions having different frequencies?

Answered: 1 week ago