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  • Analysis of Financial Statement-Horizontal Analysis

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    Princess De Leon
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    Fidas Merchandising saw an increase in net sales of 27.3% from 2018 to 2019, but net income decreased by 7.31% over the same period due to higher interest and selling expenses outpacing revenue growth. While gross profit increased 30.25% on higher sales, operating income rose only 18.03% as selling and administrative expenses grew 34.83% faster than revenues.

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    Fidas Merchandising saw an increase in net sales of 27.3% from 2018 to 2019, but net income decreased by 7.31% over the same period due to higher interest and selling expenses outpacing revenue growth. While gross profit increased 30.25% on higher sales, operating income rose only 18.03% as selling and administrative expenses grew 34.83% faster than revenues.

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    41 views2 pages

    Analysis of Financial Statement-Horizontal Analysis

    Uploaded by

    Princess De Leon
    Fidas Merchandising saw an increase in net sales of 27.3% from 2018 to 2019, but net income decreased by 7.31% over the same period due to higher interest and selling expenses outpacing revenue growth. While gross profit increased 30.25% on higher sales, operating income rose only 18.03% as selling and administrative expenses grew 34.83% faster than revenues.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
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    Fidas Merchandising

    Income Statement
    For the Year Ended December 31
    Year Increase (Decrease)
    2019 2018 Amount
    Net Sales ₱ 2,213,300,000 ₱ 1,738,700,000 474,600,000
    Cost of Goods Sold 1,032,100,000 831,800,000 200,300,000
    Gross Profit ₱ 1,181,200,000 ₱ 906,900,000 274,300,000
    Selling and Administrative Expenses 889,200,000 659,500,000 229,700,000
    Operating Income ₱ 292,000,000 ₱ 247,400,000 44,600,000
    Interest Expense 90,900,000 30,500,000 60,400,000
    Income Before Income Taxes ₱ 201,100,000 ₱ 216,900,000 -15,800,000
    Income Tax Expense 60,300,000 65,000,000 -4,700,000
    Net Income ₱ 140,800,000 ₱ 151,900,000 -11,100,000
    Increase (Decrease)
    Percentage (%)
    27.30%
    24.08%
    30.25%
    34.83%
    18.03%
    198.03%
    -7.28%
    -7.23%
    -7.31%

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