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?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9E
Related questions
Question
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?
![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%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2f30c874-9ab9-49f1-8078-5930ad484b58%2F3a897431-69a0-41b9-bb09-0f5428ba57ec%2Fixn70bo_processed.png&w=3840&q=75)
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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