Selected comparative financial statements of Zayed Abu Dhabi Corporation follow. Zayed Abu Dhabi Corporation Comparative Balance Sheets For the years ended December 31, 2017-2020 2020 2019 2018 2017 Cash 58 82 78 84 Accounts recble., net 466 490 514 360 Merchandise inventory 1802 1190 1332 998 Plant assets, net 2020 1752 2014 944 Total assets 4442 4002 3518 2600 Required: Compute trend percentage (to one decimal) for each year using 2017 as the base year.
Selected comparative financial statements of Zayed Abu Dhabi Corporation follow. Zayed Abu Dhabi Corporation Comparative Balance Sheets For the years ended December 31, 2017-2020 2020 2019 2018 2017 Cash 58 82 78 84 Accounts recble., net 466 490 514 360 Merchandise inventory 1802 1190 1332 998 Plant assets, net 2020 1752 2014 944 Total assets 4442 4002 3518 2600 Required: Compute trend percentage (to one decimal) for each year using 2017 as the base year.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 15E
Related questions
Question
Selected comparative financial statements of Zayed Abu Dhabi Corporation follow.
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Zayed Abu Dhabi Corporation |
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Comparative Balance Sheets |
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For the years ended December 31, 2017-2020 |
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2020 |
2019 |
2018 |
2017 |
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|
Cash |
58 |
82 |
78 |
84 |
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|
Accounts recble., net |
466 |
490 |
514 |
360 |
|
|
Merchandise inventory |
1802 |
1190 |
1332 |
998 |
|
|
Plant assets, net |
2020 |
1752 |
2014 |
944 |
|
|
Total assets |
4442 |
4002 |
3518 |
2600 |
|
Required: Compute trend percentage (to one decimal) for each year using 2017 as the base year.
Answer
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Zayed Abu Dhabi Corporation |
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|||
|
Comparative Balance Sheets |
|
|||
|
For the years ended December 31, 2017-2020 |
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|||
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2020 |
2019 |
2018 |
2017 |
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Cash |
|
|
|
|
|
Accounts recble., net |
|
|
|
|
|
Merchandise inventory |
|
|
|
|
|
Plant assets, net |
|
|
|
|
|
Total assets |
|
|
|
|
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