Exercise 14-1 Condensed data from the comparative statement of financial position of Ridgewood Inc. follow 2018 2016 Current assets Non-current assets Current liabilities 2017 $119,000 $111,000 $97,000 396,000 329,000 303,000 109,000 101,000 96,000 Non-current liabilities 90,000 110,000 121,000 109,000 99,000 99,000 207,000 130,000 84,000 Common shares Retained earnings Using horizontal analysis, calculate the percentage of a base-year amount, using 2016 as the base year. (Round answers to 1 decimal place, e.g. 15.2%.,) RIDGEWOOD INC. Horizontal Analysis of Statement of Financial Position (% of base-year amount) 2018 2017 2016 Current assets Non-current assets Current liabilities Non-current liabilities Common shares Retained earnings