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Entity A Va Prob
Entity A Va Prob
The statement of financial position and comparative statements of profit or loss of Entity A are shown
below:
Entity A
Statements of Financial Position
As of December 31, 20x1
ASSETS
5.87%
Cash and cash equivalents ₱159,600 11.78%
11.25%
Trade and other receivables 320,400
1.76%
Inventory 306,000
41.18%
41.18%
TOTAL ASSETS ₱2,720,000
61.63%
LIABILITIES
38.38%
Trade and other payables ₱556,200
Entity A
Total current liabilities 556,200 Statement of profit or loss
For the years ended
December 31, 20x1
Notes Payable 1,120,000
44%
56%
41.09%
2.88%
97.74%
4.88%
Requirements:
a. Perform a vertical analysis of the financial statements shown above.
b. Answer the TRUE OR FALSE questions below.