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Accounting
Please provide the following: • Horizontal Analysis • Vertical Analysis

Please provide the following: • Horizontal Analysis • Vertical Analysis

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please provide the following: • Horizontal Analysis • Vertical Analysis
Prepare common size statement Gross sales Sales return Sales Discount Net sales COS Selling expense Admin expense Asset Cash AR Prepaid insurance Prepaid rent Marketable securities Merchandise inventory Furniture and fixtures [net] Land Building [net] Total assets Liabilities and Equity AP Notes Payable (due in 6 months) Total liabilities Shareholders Equity Ordinary shares Retained earnings Treasury shares Total Shareholders equity Total liabilities and Shareholders Equity B 2018 P3,050,000.00 P3,200.00 P3,000.00 P3,043,800.00 P2,790,000.00 P500,000.00 P300,000.00 2018 P350,000.00 P1,500,000.00 P30,000.00 P120,000.00 P200,000.00 P350,000.00 P400,000.00 P900,000.00 P2,500,000.00 P6,350,000.00 P900,000.00 P490,000.00 P1,390,000.00 P4,000,000.00 P1,010,000.00 (P50,000.00) P4,960,000.00 P6,350,000.00 P0.00 C D Comprehensive income 2019 P4,750,000.00 P16,000.00 P7,000.00 P4,727,000.00 P2,299,000.00 P900,000.00 P700,000.00 Statement of Financial position 2019 P627,000.00 P1,600,000.00 P15,000.00 P120,000.00 P500,000.00 P550,000.00 P350,000.00 P900,000.00 P2,250,000.00 P6,912,000.00 P1,100,000.00 P600,000.00 P1,700,000.00 P4,000,000.00 P1,212,000.00 P5,212,000.00 P6,912,000.00 P0.00 E F 2020 P8,988,000.00 P35,000.00 P20,100.00 P8,932,900.00 P5,051,000.00 P3,000,000.00 P1,500,000.00 2020 P550,000.00 P1,200,000.00 P50.000.00 P150,000.00 P1,000,000.00 P400,000.00 P300,000.00 P900,000.00 P2,000,000.00 P6,550,000.00 P600,000.00 P200,000.00 P800,000.00 25.000.000.00 P750,000.00 P5,750,000.00 P6,550,000.00 P0.00 G H 2021 P13,450,000.00 P60,000.00 P45,000.00 P13,345,000.00 P7,605,000.00 P3,090,000.00 P1,900,000.00 2021 P1,500,000.00 P2,000,000.00 P50,000.00 P150,000.00 P500,000.00 P500,000.00 P450,000.00 P900,000.00 P1,750,000.00 P7,800,000.00 P990,000.00 P600,000.00 P1,590,000.00 P5,000,000.00 P1,210,000.00 P6,210,000.00 P7,800,000.00 P0.00
Transcribed Image Text:Prepare common size statement Gross sales Sales return Sales Discount Net sales COS Selling expense Admin expense Asset Cash AR Prepaid insurance Prepaid rent Marketable securities Merchandise inventory Furniture and fixtures [net] Land Building [net] Total assets Liabilities and Equity AP Notes Payable (due in 6 months) Total liabilities Shareholders Equity Ordinary shares Retained earnings Treasury shares Total Shareholders equity Total liabilities and Shareholders Equity B 2018 P3,050,000.00 P3,200.00 P3,000.00 P3,043,800.00 P2,790,000.00 P500,000.00 P300,000.00 2018 P350,000.00 P1,500,000.00 P30,000.00 P120,000.00 P200,000.00 P350,000.00 P400,000.00 P900,000.00 P2,500,000.00 P6,350,000.00 P900,000.00 P490,000.00 P1,390,000.00 P4,000,000.00 P1,010,000.00 (P50,000.00) P4,960,000.00 P6,350,000.00 P0.00 C D Comprehensive income 2019 P4,750,000.00 P16,000.00 P7,000.00 P4,727,000.00 P2,299,000.00 P900,000.00 P700,000.00 Statement of Financial position 2019 P627,000.00 P1,600,000.00 P15,000.00 P120,000.00 P500,000.00 P550,000.00 P350,000.00 P900,000.00 P2,250,000.00 P6,912,000.00 P1,100,000.00 P600,000.00 P1,700,000.00 P4,000,000.00 P1,212,000.00 P5,212,000.00 P6,912,000.00 P0.00 E F 2020 P8,988,000.00 P35,000.00 P20,100.00 P8,932,900.00 P5,051,000.00 P3,000,000.00 P1,500,000.00 2020 P550,000.00 P1,200,000.00 P50.000.00 P150,000.00 P1,000,000.00 P400,000.00 P300,000.00 P900,000.00 P2,000,000.00 P6,550,000.00 P600,000.00 P200,000.00 P800,000.00 25.000.000.00 P750,000.00 P5,750,000.00 P6,550,000.00 P0.00 G H 2021 P13,450,000.00 P60,000.00 P45,000.00 P13,345,000.00 P7,605,000.00 P3,090,000.00 P1,900,000.00 2021 P1,500,000.00 P2,000,000.00 P50,000.00 P150,000.00 P500,000.00 P500,000.00 P450,000.00 P900,000.00 P1,750,000.00 P7,800,000.00 P990,000.00 P600,000.00 P1,590,000.00 P5,000,000.00 P1,210,000.00 P6,210,000.00 P7,800,000.00 P0.00
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