The comparative condensed statements of financial position of Bailey Corporation are presented below. Instructions
(a) Prepare a horizontal analysis of the statements of financial position data for Bailey Corporation using 2013 as a base.
(b) Prepare a vertical analysis of the statements of financial position data for Bailey Corporation in columnar form for 2014.

Question

The comparative condensed statements of financial position of Bailey Corporation are presented below.  Instructions
(a) Prepare a horizontal analysis of the statements of financial position data for Bailey Corporation using 2013 as a base.
(b) Prepare a vertical analysis of the statements of financial position data for Bailey Corporation in columnar form for 2014.

Quizplus · Accepted Answer

The Answer of The comparative condensed statements of financial position of Bailey Corporation are presented below.  Instructions
(a) Prepare a horizontal analysis of the statements of financial position data for Bailey Corporation using 2013 as a base.
(b) Prepare a vertical analysis of the statements of financial position data for Bailey Corporation in columnar form for 2014.

The Comparative Condensed Statements of Financial Position of Bailey Corporation