1. Problem 1: The aggregated Statement of Financial Position of Jenny Company is presented beloa 12/31/20S4 Php 500,000.00 12/31/20S3 Php 400,000.00 Current Assets Current liabilities 84,000.00 532,000.00 a1,188,000.00 Property, Plant and Equipment 1,320,000.00 ATHUO 280,000.00 ATEMAOU 364,000.00 Long term liabilities Dwners capital 380,000.00 1,060,000.00 (8 eeW) Required: 1. Perform horizontal analysis for 20S4 using 20S3 as base year 2. Perform vertical analysis for 20S4 and 20S3 statement of financial position

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Solve the given problem. 1. Problem 1: The aggregated Statement of Financial Position of Jenny Company is presented below:
Solve the given problem.
1. Problem 1: The aggregated Statement of Financial Position of Jenny Company is presented below
12/31/20S4
12/31/20S3
Current Assets
Php 500,000.00
Php 400,000.00
Property, Plant and Equipment
ST
Current liabilities 84,000.00
Long term liabilities
Owners capital
1,320,000.00
ATWUO 280,000.00
ATMEMAOUR
364,000.00
532,000.00
380,000.00
1,188,000.00
1,060,000.00
(8 lesW)
Required:
1. Perform horizontal analysis for 20S4 using 20S3 as base year
2. Perform vertical analysis for 20S4 and 20S3 statement of financial position
Transcribed Image Text:Solve the given problem. 1. Problem 1: The aggregated Statement of Financial Position of Jenny Company is presented below 12/31/20S4 12/31/20S3 Current Assets Php 500,000.00 Php 400,000.00 Property, Plant and Equipment ST Current liabilities 84,000.00 Long term liabilities Owners capital 1,320,000.00 ATWUO 280,000.00 ATMEMAOUR 364,000.00 532,000.00 380,000.00 1,188,000.00 1,060,000.00 (8 lesW) Required: 1. Perform horizontal analysis for 20S4 using 20S3 as base year 2. Perform vertical analysis for 20S4 and 20S3 statement of financial position
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