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Comparison Compare the general trends of current assets for both companies. Which company do you think is in a better position? Compare the general trends of noncurrent assets for both companies. Which company do you think is in a better position?

Comparison Compare the general trends of current assets for both companies. Which company do you think is in a better position? Compare the general trends of noncurrent assets for both companies. Which company do you think is in a better position?

FINANCIAL ACCOUNTING
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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Comparison

  1. Compare the general trends of current assets for both companies. Which company do you think is in a better position?
  2. Compare the general trends of noncurrent assets for both companies. Which company do you think is in a better position?
ABS-CBN CORP. GMA NETWORK INC. CONSOLIDATED STATEMENT S OF FINANCIAL POSITION CONSOLIDATED STATEMENT S OF FINANCIAL POSITION currency in philippine pesos, in millions currency in philippine pesos, in millions 2010 2009 2008 2007 2010 2009 2008 2007 ASSETS ASSETS Cash 74.41% 32.23% 17.64% Cash -43.99% 30.34% 65.55% Receivables 12.51% 11.14% 9.43% Short term investments -100.00% 1019.05% -27.59% Inventory Prepaid Expenses -9.82% -25.08% 33.08% Receivables 7.18% 17.25% -7.80% -47.45% 43.36% -34.02% Inventory -7.00% 31.83% 9.89% Other Current Assets 14.47% -7.85% 25.58% Prepaid Expenses 19.75% 31.14% -21.48% TOTAL CURRENT ASSETS 29.29% 11.45% 14.01% Other Current Assets 4.44% -18.13% 16.49% TOTAL CURRENT ASSETS -6.52% 16.44% 5.72% Property Plant and Equipment 3.27% -0.14% 55.65% Long-Term Investments -30.44% 6.15% 291.23% Property Plant and Equipment -3.44% 0.02% 9.00% 1.96% -1.04% Deferred Tax Assets, Long Term Deferred Charges, Long Term Goodwill Other Intangibles 49.70% 6.47% 227.11% Long-Term Investments 16.19% 25.93% 127.10% -45.35% 7.82% 15.02% Deferred Tax Assets, Long Term Other Intangibles 17.22% 0.43% 11.98% 9383.58% 36.68% -6.77% -5.78% 8.56% 16.28% 30.45% Other Long-Term Assets -36.30% 5.73% -8.59% Other Long-Term Assets -4.18% -4.79% -46.83% TOTAL NONCURRENT ASSETS -4.98% 0.40% 8.06% TOTAL NONCURRENT ASSETS 3.55% 2.70% 32.87% TOTAL ASSETS -5.94% 9.77% 6.68% TOTAL ASSETS 11.89% 5.38% 26.46%
Transcribed Image Text:ABS-CBN CORP. GMA NETWORK INC. CONSOLIDATED STATEMENT S OF FINANCIAL POSITION CONSOLIDATED STATEMENT S OF FINANCIAL POSITION currency in philippine pesos, in millions currency in philippine pesos, in millions 2010 2009 2008 2007 2010 2009 2008 2007 ASSETS ASSETS Cash 74.41% 32.23% 17.64% Cash -43.99% 30.34% 65.55% Receivables 12.51% 11.14% 9.43% Short term investments -100.00% 1019.05% -27.59% Inventory Prepaid Expenses -9.82% -25.08% 33.08% Receivables 7.18% 17.25% -7.80% -47.45% 43.36% -34.02% Inventory -7.00% 31.83% 9.89% Other Current Assets 14.47% -7.85% 25.58% Prepaid Expenses 19.75% 31.14% -21.48% TOTAL CURRENT ASSETS 29.29% 11.45% 14.01% Other Current Assets 4.44% -18.13% 16.49% TOTAL CURRENT ASSETS -6.52% 16.44% 5.72% Property Plant and Equipment 3.27% -0.14% 55.65% Long-Term Investments -30.44% 6.15% 291.23% Property Plant and Equipment -3.44% 0.02% 9.00% 1.96% -1.04% Deferred Tax Assets, Long Term Deferred Charges, Long Term Goodwill Other Intangibles 49.70% 6.47% 227.11% Long-Term Investments 16.19% 25.93% 127.10% -45.35% 7.82% 15.02% Deferred Tax Assets, Long Term Other Intangibles 17.22% 0.43% 11.98% 9383.58% 36.68% -6.77% -5.78% 8.56% 16.28% 30.45% Other Long-Term Assets -36.30% 5.73% -8.59% Other Long-Term Assets -4.18% -4.79% -46.83% TOTAL NONCURRENT ASSETS -4.98% 0.40% 8.06% TOTAL NONCURRENT ASSETS 3.55% 2.70% 32.87% TOTAL ASSETS -5.94% 9.77% 6.68% TOTAL ASSETS 11.89% 5.38% 26.46%
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