ELIZABETH TAILORING MATERIAL STORE

Statement of Financial Position

(Horizontal Analysis)

2020 2019 Increase %

ASSETS (Decrease)
Current Assets
Cash 1,281,600 850,000 431,600 50.78
Trading Securities 880,000 420,000 460,000 109.52
Accounts Receivable, 670,000 750,000 (80,000) (10.67)
net
Merchandise Inventory 950,000 1,200,000 (250,000) (20.83)
Prepaid Expense 370,000 280,000 90,000 32.14
Total Current Assets 4,151,600 3,500,000 651,600 18.62

Non-current Assets
Land 8,000,000 8,000,000 0.00 0.00
Building, net 6,000,000 5,500,000 500,000 9.09
Equipment, net 950,000 800,000 150,000 18.75
Furniture and fixtures 480,000 500,000 (20,000) (4)
Total non-current Assets 15,430,000 14,800,000 630,000 4.26
TOTAL ASSETS 19,581,600 18,300,000 1,281,600 7.00

LIABILITIES AND
OWNER`S EQUITY
Liabilities
Current Liabilities
Accounts Payable 630,000 600,000 30,000 5
Notes Payable, trade 400,000 500,000 (100,000) (20)
 Accrued expenses 300,000 250,000 50,000 20
Total current Liabilities 1,330,000 1,350,000 (20,000) (1.48)
Non-current liabilities
Loans payable 1,200,000 1,200,000 0.00 0.00
Total Liabilities 2,530,000 2,550,000 (20,000) (0.78)
Owner`s Equity
Tailoring, Capital 17,051,600 15,750,000 1,301,600 8.26
TOTAL LIABILITIES & 19,581,600 18,300,000 1,281,600 7.00
OWNER`S EQUITY
 ELIZABETH TAILORING MATERIAL STORE
Statement of Financial Position
(Vertical Analysis)

2020 % 2019 %
ASSETS
Current Assets
Cash 1,281,600 6.54 850,000 4.64
Trading Securities 880,000 4.49 420,000 2.30
Accounts Receivable, net 670,000 3.42 750,000 4.10
Merchandise Inventory 950,000 4.85 1,200,000 6.56
Prepaid Expense 370,000 1.89 280,000 1.53
Total Current Assets 4,151,600 21.20 3,500,000 19.13

Non-current Assets
Land 8,000,000 40.85 8,000,000 43.72
Building, net 6,000,000 30.64 5,500,000 30.05
Equipment, net 950,000 4.85 800,000 4.37
Furniture and fixtures 480,000 2.45 500,000 2.73
Total non-current Assets 15,430,000 78.80 14,800,000 80.87
TOTAL ASSETS 19,581,600 100 18,300,000 100

LIABILITIES AND OWNER`S

EQUITY
Liabilities
Current Liabilities
Accounts Payable 630,000 3.22 600,000 3.28
Notes Payable, trade 400,000 2.04 500,000 2.73
Accrued expenses 300,000 1.53 250,000 1.37
Total current Liabilities 1,330,000 6.79 1,350,000 3.38
Non-current liabilities
Loans payable 1,200,000 6.12 1,200,000 6.56
Total Liabilities 2,530,000 12.92 2,550,000 13.93
Owner`s Equity
Tailoring, Capital 17,051,600 87.08 15,750,000 86.07
TOTAL LIABILITIES & 19,581,600 100 18,300,000 100
OWNER`S EQUITY