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FABM

The document contains financial statements for Jenny Company and Alexis Company for years 20S3 and 20S4. It includes statements of financial position, horizontal and vertical analysis, and statements of comprehensive income with horizontal and vertical analysis. Key figures are a 25% increase in current assets for Jenny Company, a 40% increase in long-term liabilities, and a 35.76% increase in total assets. For Alexis Company, net sales were ₱3,375,000 with a 19.23% increase in cost of goods sold and a 35.71% increase in operating income.

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Ashley Rouge Capati Quiroz
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244 views5 pages

FABM

The document contains financial statements for Jenny Company and Alexis Company for years 20S3 and 20S4. It includes statements of financial position, horizontal and vertical analysis, and statements of comprehensive income with horizontal and vertical analysis. Key figures are a 25% increase in current assets for Jenny Company, a 40% increase in long-term liabilities, and a 35.76% increase in total assets. For Alexis Company, net sales were ₱3,375,000 with a 19.23% increase in cost of goods sold and a 35.71% increase in operating income.

Uploaded by

Ashley Rouge Capati Quiroz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 5

I.

True or False
1. True
2. False (in difference accounting period)
3. True
4. False (over one period)
5. True
6. False (percentage of sale)
7. True
8. False (Depends on volume of sales and expenses)
Jenny Company
Statement of Financial Position
As of December December 31
20S4 20S3 P
Current Assets ₱500,000.00 400,000.00 100,000.00
Property, Plant, and Equipment, n 1,584,000.00 1,320,000.00 264000
Total assets ₱ 2,084,000.00 ₱1,720,000.00 ₱ 364,000.00

Current Liabilities 364,000.00 280,000.00 84,000.00


Long-Term Liabilities 532,000.00 380,000.00 152,000.00
Total liabilities ₱ 896,000.00 ₱ 660,000.00 ₱ 236,000.00

Jenny's Capital 1188000 1,060,000.00 128,000.00


Total liabilities and equity ₱2,084,000.00 ₱1,720,000.00 ₱364,000.00
Horizontal Analysis

Jenny Company
Statement of Financial Position
As of December December 31
20S4 % 20S3
Current Assets 500,000.00 24% 400,000.00
Property, Plant, and Equipment, n 1,584,000.00 76% 1,320,000.00
Total assets ₱ 2,084,000.00 100% ₱1,720,000.00

Current Liabilities 364,000.00 17% 280,000.00


Long-Term Liabilities 532,000.00 26% 380,000.00
Total liabilities ₱ 896,000.00 43% ₱ 660,000.00

Jenny's Capital 1188000 57% 1,060,000.00


Total liabilities and equity ₱ 2,084,000.00 100% ₱1,720,000.00
Vertical Analysis
Increase(Decrease)
25.00%
20.00%
21.16%

30.00%
40.00%
35.76%

12.08%
21.16%

%
23.26%
76.74%
100.00%

16.28%
22.09%
38.37%

61.63%
100.00%
Alexis Company
Statement of Comprehensive Income
For the year ended
20R4 20R3 P
Net Sales ₱ 3,375,000.00 ### ###
Cost of Goods Sold 2,092,500.00 1,755,000.00 337,500.00
Gross Profit 1,282,500.00 945,000 337500
Selling Expenses 540000 324,000.00 216,000.00
Administrative Expenses 270,000.00 243,000.00 27,000.00
Operating Income 472,500.00 378,000.00 94,500.00
Interest Expense 148,500.00 108,000 40,500.00
Net Income ₱ 324,000.00 ₱ 270,000.00 ₱ 54,000.00
Horizontal Analysis

Alexis Company
Statement of Comprehensive Income
For the year ended
20R4 % 20R3
Net Sales ₱ 3,375,000.00 100% ###
Cost of Goods Sold 2,092,500.00 62.00% 1,755,000.00
Gross Profit 1,282,500.00 38.00% 945,000
Selling Expenses 540000 16.00% 324,000.00
Administrative Expenses 270,000.00 8.00% 243,000.00
Operating Income 472,500.00 14.00% 378,000.00
Interest Expense 148,500.00 4.40% 108,000
Net Income ₱ 324,000.00 9.60% ###
Vertical Analysis
ncrease(Decrease)
25.00%
19.23%
35.71%
67%
11.11%
25.00%
37.50%
20%

%
100.00%
0.65
35.00%
12%
9.00%
14.00%
4.00%
10%

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