The financial information for Forester Ltd is provided below. Prepare borizontal analysis (LO2) E12.3 30 June 2017 30 June 2016 $96000 680 000 45 000 Current assets $88 000 Property, plant and equipment (net) Current liabilities Non-current liabilities Share capital, $1 each Retained eamings 630000 50000 72000 78000 450000 365 000 225 000 209 000 Required (a) Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year (b) Explain the changes that have occurred for Forrester Ltd between 2016 and 2017 E12.4 Operating data for Spectre Ltd are presented here. Prepare vertical analysis and discuss the usefulness of borizontal and vertical 2016 2017 $870 000 les Cost of sales Selling expenses Administrative expenses Income tax expense Profit $900 000 520 000 460000 analsis (LO3) 140000 65000 93000 61 000 52 500 76 800 179 200 122 500 Required (a) Prepare a schedule showing a vertical analysis for 2017 and 2016 (b) Why is it helpful to prepare horizontal and vertical analysis when evaluating an entity? 750 Chantar 1. Eiaanaial atntamant anahmin and daaialan makinn