Question 1 The comparative condensed Statement of Financial Position of Alibaba Karaoke are presented below. ALIBABA KARAOKE Comparative Condensed Statement of Financial Position as of 31 December,...

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Extracted text: Question 1 The comparative condensed Statement of Financial Position of Alibaba Karaoke are presented below. ALIBABA KARAOKE Comparative Condensed Statement of Financial Position as of 31 December, 2015 2014 SGD' million SGD' million Assets Current assets Property, plant and equipment (net) Intangible assets Other assets 7,297.5 15,186.9 607.8 6,481.2 14,785.1 581.7 1,320.9 $24,413.1 775.2 TOTAL ASSETS $22,623.2 Liabilities and Stockholder's Equity Current liabilities 5,822.6 10,551.8 8,038.7 $24,413.1 4,857.2 9806.1 Deferred and non-current liabilities Stockholders' equity 7,959.9 $22,623.2 ТОTAL LIABILITIES AND STOCKHOLDERS’ EQUITY Required: 1. Prepare a horizontal analysis of the Statement of Financial Position data for Alibaba Karaoke using 2014 as a base. 2. Prepare a vertical analysis of the Statement of Financial Position data for Alibaba Karaoke in columnar form for 2015. 3. Discuss the results.