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Hi could you please answer this question. *Brief Exercise 14-3 Comparative data from the statement of financial position of Oak Ltd. are shown below. Current
Hi could you please answer this question.
*Brief Exercise 14-3 Comparative data from the statement of financial position of Oak Ltd. are shown below. Current assets Property, plant, and equipment Goodwill 2018 2017 2016 $1,544,000 $1,163,000 $1,223,000 3,120,000 2,776,000 2,852,000 126,000 136,000 -0- $4,790,000 $4,075,000 $4,075,000 Total assets Using horizontal analysis, calculate the percentage of the base-year amount, using 2016 as the base year. (Round answers to 1 decimal place, e.g. 52.7%.) 2018 2017 2016 % % Current assets % % % % Property, plant, and equipment % % % Total assets Using vertical analysis, calculate the percentage of the base amount for each year. (Round percentages to 1 decimal places, e.g. 52.7%.) 2018 2017 2016 Amount Percentage Amount Percentage Amount Percentage % % % Current assets $ $ $ % % % Property, plant, and equipment % % % Goodwill % % % Total assets $Step by Step Solution
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