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  • Diaz, John Paul G. BSBA301A: 201B 201A Peso Change Percentage Change 356 17.00%

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    Diane
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    ABC Corporation's comparative statement of financial position for 201B and 201A shows that total assets increased 14% to 25.8 million pesos due to increases in current assets such as cash and receivables as well as noncurrent assets. Liabilities also increased with long-term liabilities rising 35.1% while current liabilities fell 14.6%. Equity grew with a 50.5% increase in common stock and 20% growth in retained earnings.

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    Horizontal Analysis

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    ABC Corporation's comparative statement of financial position for 201B and 201A shows that total assets increased 14% to 25.8 million pesos due to increases in current assets such as cash and receivables as well as noncurrent assets. Liabilities also increased with long-term liabilities rising 35.1% while current liabilities fell 14.6%. Equity grew with a 50.5% increase in common stock and 20% growth in retained earnings.

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    12 views1 page

    Diaz, John Paul G. BSBA301A: 201B 201A Peso Change Percentage Change 356 17.00%

    Uploaded by

    Diane
    ABC Corporation's comparative statement of financial position for 201B and 201A shows that total assets increased 14% to 25.8 million pesos due to increases in current assets such as cash and receivables as well as noncurrent assets. Liabilities also increased with long-term liabilities rising 35.1% while current liabilities fell 14.6%. Equity grew with a 50.5% increase in common stock and 20% growth in retained earnings.

    Copyright:

    © All Rights Reserved
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    Diaz, John Paul G.

    BSBA301A

    ABC Corporation
    Comparative Statement of Financial Position
    For the Year Ended 201B and 201A (in pesos)
    Horizontal Analysis
    Peso Percentage
    201B 201A
    Change Change

    Cash and Cash Equivalents 2,450 2,094 356 17.00%


    Receivables 1,813 1,611 202 12.5%
    Inventories 1,324 1,060 264 24.9%
    Prepaid Expenses 1,709 2,120 -411 -19.4%
    Total Current Assets 7,296 6,885 411 6.0%
    Noncurrent Assets 18,500 15,737 2,763 7.5%
    Total Assets 25,796 22,622 3,174 14.0%

    Current Liabilities 7,230 8,467 -1,237 -14.6%


    Long-Term Liabilities 4,798 3,792 1,331 35.1%
    Common Stock 6,568 4,363 2,205 50.5%
    Retained Earnings 7,200 6,000 1,200 0.2%
    Total Liabilities and Equity 25,796 22,622 3,174 14.0%

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