2. Problem 2: The statement of comprehensive Income of Alexis Company is reproduced below. 2. Problem 2: The statement of comprehensive Income of Alexis Company is reproduced below.12/31/20R4T vilid Php 3,375,000.002,092,500.0012/31/20R3Php 2,700,000.00 ossonst bnNet SalesCost of goods soldbns Selling expenses1,755,000.00540,000.00324,000.00243,000.00Administrative expensesl6onanit cu 270,000.00Interest expense148,500.00108,000.00Net IncomeMEAVlidetihon Php 324,000.00Php 270,000.00IsnoshordRequired:1. Perform horizontal analysis for 20R4 using 20R3 as base yearJADA2. Perform vertical for 20R4 and 20R3 income statement.ngnitsuleve a29001 adtdo ads daiw supindoas Isoinylene bna isnoleanentgidem to av

1. Horizontal Analysis - Horizontal Analysis is calculated by first calculating difference between…

2. Problem 2: The statement of comprehensive Income of Alexis Company is reproduced below. 2719 12/31/20R4 12/31/20R3 1o zboritan Net Sales der vilid Php 3,375,000.00 2,092,500.00 Php 2,700,000.00 Cost of goods sold Selling expenses Administrative expenses 1,755,000.00 540,000.00 59324,000.00 270,000.00 243,000.00 Interest expense 148,500.00 108,000.00 Net Income MEAWlidethoi Php 324,000.00 Php 270,000.00 gog aignie 6 lo 2nem alaylens Isinosi Required: 1. Perform horizontal analysis for 20R4 using 20R3 as base year 2. Perform vertical for 20R4 and 20R3 income statement.

2. Problem 2: The statement of comprehensive Income of Alexis Company is reproduced below. 2719 12/31/20R4 12/31/20R3 1o zboritan Net Sales der vilid Php 3,375,000.00 2,092,500.00 Php 2,700,000.00 Cost of goods sold Selling expenses Administrative expenses 1,755,000.00 540,000.00 59324,000.00 270,000.00 243,000.00 Interest expense 148,500.00 108,000.00 Net Income MEAWlidethoi Php 324,000.00 Php 270,000.00 gog aignie 6 lo 2nem alaylens Isinosi Required: 1. Perform horizontal analysis for 20R4 using 20R3 as base year 2. Perform vertical for 20R4 and 20R3 income statement.

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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