Selected data from the comparative statements of financial position of Kokomo Lt

Question

Selected data from the comparative statements of financial position of Kokomo Ltd. are shown below 2018 2017 2016 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets $150,000 $176,000 397,000 S96,000 603,000 782,000 $76,000 448,00 695,000 3,152,000 2,810,000 2,851,000 92,000 102,000 $4,779,000 $4,081,000 $4,070,000 ? (a) Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, eg, 5.2%.) 2018 2017 2016 Cash Accounts receivable Inventory Property, plant, and equipment

Explanation / Answer

2018 2017 2016 Cash 197.4% 231.6% 100% Accounts Receivable 134.6% 88.6% 100% Inventory 112.5% 85.8% 100% Property, plant and equipment 110.6% 98.6% 100%

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