Instruction: (Horizontal Analysis) Present an interpretation and conclusions about the result of "Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos)" computations and analysis.*refer to the pic* AssetsRiel CorporationComparative Statements of Financial PositionDecember 31, 2015(in Thousand pesos)Current AssetsCash and Cash EquivalentHeld for TradingTrade and Other ReceivablesInventoryTotal Current AssetsNon current AssetsProperty, Plant and EquipmentInvestment in Equity SecuritiesTotal Non Current AssetsTOTAL ASSETLiabilities and Shareholders' EquityCurrent LiabilitiesTrade and other payablesUnearned revenuesNotes Payable currentTotal Current LiabilitiesNon current LiabilitiesNotes Payable non currentTOTAL LIABILITIESShareholders' EquityOrdinary Shares, P 100 parPremium On Ordinary SharesTotal paid in capitalRetained EarningsTOTAL SHAREHOLDERS' EQUITYTOTAL LIABILITIES ANDSHAREHOLDERS' EQUITY201524,89010,00016,0008,96059,8508,40010,60090019,90073,55093,45080,00016,00096,000150,00016,000166,000 181,280225,850 200,00036,400132,4002014225,8502,1206,00010,60018,720161,28020,0003,35011,65060015,600100,000115,60060,00010,00070,00014,40084,400200,000Increase (Decrease)AmountPercent22,77010,00010,0001,64041,13011,2804,00015,28025,8505,0501,0503004,30026,45022,15020,0006,00026,00022,00048,00025,8501074%100%167%15%220%7%20%8%12.93%151%9%50%28%26%-19%33%60%37%153%57%13%

There are various methods used for analysis of financial statements. Commonly used methods are *…

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Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.10E

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Instruction: (Horizontal Analysis) Present an interpretation and conclusions about the result of "Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos)" computations and analysis.

*refer to the pic*

Assets
Riel Corporation
Comparative Statements of Financial Position
December 31, 2015
(in Thousand pesos)
Current Assets
Cash and Cash Equivalent
Held for Trading
Trade and Other Receivables
Inventory
Total Current Assets
Non current Assets
Property, Plant and Equipment
Investment in Equity Securities
Total Non Current Assets
TOTAL ASSET
Liabilities and Shareholders' Equity
Current Liabilities
Trade and other payables
Unearned revenues
Notes Payable current
Total Current Liabilities
Non current Liabilities
Notes Payable non current
TOTAL LIABILITIES
Shareholders' Equity
Ordinary Shares, P 100 par
Premium On Ordinary Shares
Total paid in capital
Retained Earnings
TOTAL SHAREHOLDERS' EQUITY
TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY
2015
24,890
10,000
16,000
8,960
59,850
8,400
10,600
900
19,900
73,550
93,450
80,000
16,000
96,000
150,000
16,000
166,000 181,280
225,850 200,000
36,400
132,400
2014
225,850
2,120
6,000
10,600
18,720
161,280
20,000
3,350
11,650
600
15,600
100,000
115,600
60,000
10,000
70,000
14,400
84,400
200,000
Increase (Decrease)
Amount
Percent
22,770
10,000
10,000
1,640
41,130
11,280
4,000
15,280
25,850
5,050
1,050
300
4,300
26,450
22,150
20,000
6,000
26,000
22,000
48,000
25,850
1074%
100%
167%
15%
220%
7%
20%
8%
12.93%
151%
9%
50%
28%
26%
-19%
33%
60%
37%
153%
57%
13%

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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Instruction: (Horizontal Analysis) Present an interpretation and conclusions about the result of "Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos)" computations and analysis. *refer to the pic*

Instruction: (Horizontal Analysis) Present an interpretation and conclusions about the result of "Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos)" computations and analysis. refer to the pic