. Data for llang-llang Trading Company are given below:20142015Current Assets192,375265,500Property, Plant, and Equipment 937,508967,500Other Assets152,618159,750Total Assets1,282,5001,392,750LiabilitiesTotal Current Liabilities220,590225,450Long tem Debt491,198460,250Owner's Capital570,713706,9501,282,5001,392,750Requirements:a. Prepare a Vertical Analuysis Statement of Financial Position for 2014 and 2015 for Ilang-IlangTrading Company.b. Prepare a horizontal analysis for Ilang-Ilang Trading Company.Compare the two companies and declare which of the two company will be:a. Profitableb. Ideal for investmentC. Good for short term investmentd. Good for long term investmentProve your answers.

The balance sheet represents the financial position of the company. It includes the assets,…

Answered: 2 Data for llang-Ilang Trading Company…

Business

Accounting

2 Data for llang-Ilang Trading Company are given below:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

. Data for llang-llang Trading Company are given below:
2014
2015
Current Assets
192,375
265,500
Property, Plant, and Equipment 937,508
967,500
Other Assets
152,618
159,750
Total Assets
1,282,500
1,392,750
Liabilities
Total Current Liabilities
220,590
225,450
Long tem Debt
491,198
460,250
Owner's Capital
570,713
706,950
1,282,500
1,392,750
Requirements:
a. Prepare a Vertical Analuysis Statement of Financial Position for 2014 and 2015 for Ilang-Ilang
Trading Company.
b. Prepare a horizontal analysis for Ilang-Ilang Trading Company.
Compare the two companies and declare which of the two company will be:
a. Profitable
b. Ideal for investment
C. Good for short term investment
d. Good for long term investment
Prove your answers.

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