The Following Information Was Obtained from the Comparative Financial Statements

question 17

Essay

The following information was obtained from the comparative financial statements included in Arco Inc.'s 2012 annual report.(All amounts are in millions of dollars. )
December 31,2012 December 31,2011

---

Definitions:

Precipitation

Any form of water - liquid or solid - falling from the atmosphere to the Earth's surface, including rain, snow, sleet, and hail.

Evaporation

The process by which water changes from a liquid to a vapor or gas, often driven by heat from the sun.

Caves Collapse

The sudden failure and falling in of a cave's ceiling or walls, often due to natural processes such as erosion or the removal of supporting material.

Sinkhole

A depression or hole in the ground caused by the collapse of a surface layer, often due to the dissolution of limestone or other carbonate rock by groundwater.