70.2K

Verified Solution

Link Copied!

Condensed data from the comparative statement of financial position of Kokomo Inc. follow 2018 2017 2016 Current assets Non-current assets 403,000 330,000 297,000 Current liabilities Non-current liabilitics 90,000 109,000 120,000 Common shares Retained earnings 206,000 129,000 85,000 $112,000 $107,000 $104,000 110,000 99,000 96,000 109,000 100,000 100,000 Using horizontal analysis, calculate the percentage of a base-year amount, using 2016 as the base year. (Round answers to 1 decimal place, eg. 15.2%.) KOKOMO INC. Horizontal Analysis of Statement of Financial r amount) 2018 2017 2016 Current assets Non-current assets Current liabilitics Non current liabilitics Common shares Rctained carnings LINK TO TEXT Using horizontal analysis, calculate the percentage change for each year. Round percentage to 1 dec mal place, e g, 15.2%. Enter negative amounts using either a negative sign preceding the number e g 45.1 or parentheses KOKOMO INC. Horizontal Analysis of of Financial Position periods) Increase Decrease Increase Decrease Amount % 2018 2017 2016 Current assets Non-current assets Total assets Liabilitics and Shareholders' Equity Current Eabilities Non-current liabilities Total liabilities Shareholders' equity Common sharcs Retained carnings Total sharcholders' cquity Total liabilitics and sharcholders' equity

Answer & Explanation Solved by verified expert

See Answer