Using the following information reported in an annual report, prepare a horizontal analysis of the consolidated balance sheets. (Round percentage answers to one decimal place.)
Definitions:
Economic Thinking
A method of evaluating issues and making decisions based on the principles of economics, such as cost-benefit analysis, scarcity, and opportunity cost.
Marginal Change
A small, incremental adjustment to an existing set of conditions or a decision.
Incremental Adjustment
A small, step-by-step change or modification made in order to improve a system or process.
Significant Adjustment
describes a major change or modification in operations, policies, or strategies, typically in response to external or internal factors.
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