a. Perform a horizontal percent of base year analysis of WestJet's income statement and balance sheet, assuming 2013 is

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A Perform A Horizontal Percent Of Base Year Analysis Of Westjet S Income Statement And Balance Sheet Assuming 2013 Is 1 (42.75 KiB) Viewed 17 times

a. Perform a horizontal percent of base year analysis of WestJet's income statement and balance sheet, assuming 2013 is the base year. b. Using the analyses you prepared in part (a), identify any significant changes between 2013 and 2016. e. Which do you think would be more useful-percent of the base-year amount or calculating the percentage change between periods-to analyze WestJet between 2013 and 2016? Explain. WESTJET AIRLINES LTD. Consolidated Statement of Earnings Year Ended December 31 (in millions) 2016 2015 2014 2013 Revenue $4,123 $4,029 $3.976 $3,662 Operating expenses 3.683 3,459 3.501 3,263 Profit from operations 440 570 399 Other expenses 24 50 27 Profit before income taxes 416 520 390 372 121 153 106 103 Income tax expense Profit $.295 $367 $ 284 $ 269 475 85 WESTJET AIRLINES LTD. Balance Sheet December 31 (in thousands). 2016 2015 2014 $1,966 $1,502 $1,730 4.198 3,627 2.916 $6,164 $5.129 $4,646 $1,621 $1,552 $1,338 2,482 1,617 1,531 4,103 3,169 2,869 2,061 1,960 1.777 $6,164 $5.129 $4,646 Assets Current assets Non-current assets Total assets Liabilities and Shareholders' Equity Current liabilities Non-current liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity 2013 $1,526 2,617 $4.143 $1,406 1.147 2,553 1,500 $4,143