The comparative statement of financial position of Grange Wine Ltd appears below:
Instructions:
(a) Using horizontal analysis, show the percentage change for each statement of financial position item using 2019 as a base year.
(b) Using vertical analysis, prepare a common-size comparative statement of financial position.

Question

The comparative statement of financial position of Grange Wine Ltd appears below:
  Instructions:
(a) Using horizontal analysis, show the percentage change for each statement of financial position item using 2019 as a base year.
(b) Using vertical analysis, prepare a common-size comparative statement of financial position.

Quizplus · Accepted Answer

The Answer of The comparative statement of financial position of Grange Wine Ltd appears below:
  Instructions:
(a) Using horizontal analysis, show the percentage change for each statement of financial position item using 2019 as a base year.
(b) Using vertical analysis, prepare a common-size comparative statement of financial position.

The Comparative Statement of Financial Position of Grange Wine Ltd