Exercise 14-1 Condensed data from the comparative statement of financial positio

Question

Exercise 14-1 Condensed data from the comparative statement of financial position of Macaron Inc. follow 2018 2016 Current assets Non-current assets Current liabilities 2017 $112,000 $106,000 $101,000 399,000 331,000 298,000 109,000 99,000 95,000 Non-current liabilities 90,000 108,000 118,000 109,000 101,000 101,000 203,000 129,000 85,000 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, eg, 15.2%.) MACARON 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

Explanation / Answer

MACARON INC. Horizontal Analysis of Statement of Financial Position (% of base-year amount) 2018 2017 2016 Current assets 110.9% 105.0% 100.0% Non-current assets 133.9% 111.1% 100.0% Current liabilities 114.7% 104.2% 100.0% Non-current liabilities 76.3% 91.5% 100.0% Common shares 107.9% 100.0% 100.0% Retained earnings 238.8% 151.8% 100.0% MACARON INC. Horizontal Analysis of Statement of Financial Position (% change between periods) 2018 Increase (Decrease) 2017 Increase (Decrease) 2016 Amount % Amount % Assets Current assets 112000 6000 5.7% 106000 5000 5.0% 101000 Non-current assets 399000 68000 20.5% 331000 33000 11.1% 298000 Total Assets 511000 74000 16.9% 437000 38000 9.5% 399000 Liabilities and Shareholders' Equity Liabilities Current liabilities 109000 10000 10.1% 99000 4000 4.2% 95000 Non-current liabilities 90000 -18000 -16.7% 108000 -10000 -8.5% 118000 Total liabilities 199000 -8000 -3.9% 207000 -6000 -2.8% 213000 Shareholders' equity Common shares 109000 8000 7.9% 101000 0 0.0% 101000 Retained earnings 203000 74000 57.4% 129000 44000 51.8% 85000 Total shareholders' equity 312000 82000 35.7% 230000 44000 23.7% 186000 Total liabilities and stockholders' equity 511000 74000 16.9% 437000 38000 9.5% 399000

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