DON CARLO CAVINA SCHOOL

SCORE:
SENIOR HIGH SCHOOL DEPARTMENT
Chrysanthemum Street, Hansuyin Village, Talon IV, Las Piñas City

MIDTERM EXAMINATION in
FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND
MANAGEMENT 2
NAME:
GRADE & STRAND: GRADE 12 – FABM2
STUDENT NUMBER:
TEACHER: MARIA THERESA N. DELOS SANTOS
DATE:

o GENERAL INSTRUCTIONS:
o II. Perform financial statement analysis on the following problems using vertical and horizontal analysis.
o Supporting computation in either google sheets or excel format is needed.
o Problem 1: (10 points) (Adapted)
o The aggregated Statement of Financial Position of Lana & Orion Company is presented below:
o
12/31/2054 12/31/2053

o Current Assets 600,000.00 500,000.00

o Property, Plant and Equipment 1,684,000.00 1,420,000.00
o Current Liabilities 464,000.00 290,000.00
o Long Term Liabilities 532,000.00 380,000.00
o Owner’s Capital 1,188,000.00 1,060,000.00
o Required:
1. Perform horizontal analysis for 2054 using 2053 as base year
o 2.Perform vertical analysis for 2054 and 2054 Statement of Financial Position.
o
o Problem 2: (10 points) (Adapted)
o The Statement of Comprehensive Income of Nicholas and Sage Company is reproduced below:
o 12/31/20A4 12/31/20A3
o Net Sales 2,275,000.00 2,025,000.00
o Cost of Goods Sold 1,251,250.00 1,012.500.00
o Selling Expenses 450,000.00 375,000.00
o Administrative Expenses 270,000.00 243,000.00
o Interest Expense 128,500.00 105,000.00
o Required:
o 1. Perform horizontal analysis for 20A4 using 20A3 as base year.
o 2. Perform vertical analysis for 20A4 and 20A3 Statement of Comprehensive Income.

o Problem 3: (10 points) (Adapted)

o ACCC Structural and Engineering Co.
o Comparative Condensed Statement of Financial Position
o As of the year ended December 31
o 20B4 20B3
o Assets:
o Currents Assets 505,000.00 495,000.00
o Property, Plant and Equipment 604,500.00 544,000.00
o Intangibles 128,500.00 202,000.00

DCCS MISSION: Engage all learners to embrace the Salesian spirituality through active participation in all aspects of educational programs in the
advancement of knowledge and skills for the formation of competent individuals to serve the Church and the society.

DCCS VISION: Don Carlo Cavina School envisages Cavinian graduates with exemplary values and high level of academic, behavioral and
technical competencies who are responsible citizens in service to God and their countrymen.
o Total Assets 1,238,000.00 1,241,000.00
o Liabilities and Owner’s Equity:
o Current Liabilities 235,000.00 264,000.00
o Long Term Liabilities 786,500.00 805,000.00
o Owners’ Capital 216,500 172,000.00
o Total Liabilities and Owner’s Equity 1,238,000.00 1,241,000.00
o Required:
o 1. Perform horizontal analysis for 20B4 USING 20B3 as base year
o 2. Perform vertical analysis for 20B4 and 20B3 Statement of Financial Position

o Problem 4 (10 points) (Adapted)

o Paige and Cairo Trading Company
o Comparative Statement of Comprehensive Income
o For the year ended December 31
o 20C4 20C3
o Sales 1,450,000.00 1,205,000.00
o Cost of Goods Sold 870,000.00 662,750.00
o Gross Profit 580,000.00 542,250.00
o Operating Expenses 214,500.00 165,000.00
o Net Income 365,500.00 377,250.00
o Required:
o 1. Perform horizontal analysis for 20C4 using 20C3 as base year.
o 2. Perform vertical analysis for 20c4 and 20C3 on Statement of Comprehensive Income.
o
o Problem 5 (15 points) (Adapted)
o Jerry & Anne Marie Rafe & Shelley
o Statement of Comprehensive Income Statement of Comprehensive Income
o 20D4 20D4
o Net Sales 3,407,921.00 745,883.60
o Cost of Goods Sold 2,377,078.00 530,200.00
o Selling Expenses 665,005.00 173,800.00
o General and Admin Expenses 119,900.00 14,630.00
o Interest Expense 19,756.00 4,954.40
o Net Income 226,182.00 22,299.20
o
o Jerry & Anne Marie Rafe and Shelley
o Statement of Financial Position Statement of Financial Position
o 20D4 20D3 20D4 20D3
o Current Assets 717,145.00 687,302.00 183,339.2 174,827.40
o Equipment, net 1,146,882.00 1,100,000.00 307,401.60 276,786.40
o Total Assets 1,864,027.00 1,787,302.00 490,740.080 451,613.80
o
o Current Liabilities 143,715.00 166,793.00 77,765.60 66,618.20
o Long Term Liabilities 238,700.00 198,000.00 65,164.00 55,000.00
o Owner’s Capital 1,481,612.00 1,422,509.00 347,811.20 329,995.60
o Total Liabilities & Capital 1,864,027.00 1,787,302.00 490,740.80 451,613.80
o Required:
o 1. Perform horizontal analysis on balance sheet of Jerry & Anne Marie, Rafe & Shelley for 20D4 using 20D3
as base year
o 2. Perform vertical analysis for 20D4 and 20D3 for Jerry & Anne Marie, Rafe & Shelley financial statements.
o

DCCS MISSION: Engage all learners to embrace the Salesian spirituality through active participation in all aspects of educational programs in the
advancement of knowledge and skills for the formation of competent individuals to serve the Church and the society.

DCCS VISION: Don Carlo Cavina School envisages Cavinian graduates with exemplary values and high level of academic, behavioral and
technical competencies who are responsible citizens in service to God and their countrymen.
DCCS MISSION: Engage all learners to embrace the Salesian spirituality through active participation in all aspects of educational programs in the
advancement of knowledge and skills for the formation of competent individuals to serve the Church and the society.

DCCS VISION: Don Carlo Cavina School envisages Cavinian graduates with exemplary values and high level of academic, behavioral and
technical competencies who are responsible citizens in service to God and their countrymen.