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

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

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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  1. Compare the general trends of current liabilities for both companies. Which company do you think is in a better position?
  2. Compare the general trends of noncurrent liabilities for both companies. Which company do you think is in a better position?
  3. Compare the general trends of equity for both companies. Which company do you think is in a better position?
  4. Which company fared better using the horizontal analysis? 
ABS-CBN CORP. GMA NETWORK INC. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION CONSOLIDATED STATEMENTS 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% 33.08% -7.80% Inventory Prepaid Expenses -9.82% -25.08% Receivables 7.18% 17.25% -47.45% 43.36% -34.02% Inventory Prepaid Expenses -7.00% 31.83% 9.89% Other Current Assets 14.47% -7.85% 25.58% 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 Long-Term Investments 3.27% -0.14% 55.65% -30.44% 6.15% 291.23% Property Plant and Equipment -3.44% 0.02% 9.00% Deferred Tax Assets, Long Term 49.70% 6.47% 227.11% Long-Term Investments 1.96% -1.04% 16.19% Deferred Charges, Long Term 25.93% 127.10% 45.35% Deferred Tax Assets, Long Term 7.82% 17.22% 15.02% Goodwill Other Intangibles 0.43% 11.98% 9383.58% Other Intangibles 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 STATEMENTS OF FINANCIAL POSITION CONSOLIDATED STATEMENTS 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% 33.08% -7.80% Inventory Prepaid Expenses -9.82% -25.08% Receivables 7.18% 17.25% -47.45% 43.36% -34.02% Inventory Prepaid Expenses -7.00% 31.83% 9.89% Other Current Assets 14.47% -7.85% 25.58% 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 Long-Term Investments 3.27% -0.14% 55.65% -30.44% 6.15% 291.23% Property Plant and Equipment -3.44% 0.02% 9.00% Deferred Tax Assets, Long Term 49.70% 6.47% 227.11% Long-Term Investments 1.96% -1.04% 16.19% Deferred Charges, Long Term 25.93% 127.10% 45.35% Deferred Tax Assets, Long Term 7.82% 17.22% 15.02% Goodwill Other Intangibles 0.43% 11.98% 9383.58% Other Intangibles 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%
LIABILITIES & EQUITY LIABILITIES & EQUITY Accounts Payable -33.26% 17.07% 42.45% Accounts Payable Accrued Expenses Short-Term Borrowings 47.16% 4.74% -33.65% Accrued Expenses 7.55% 22.71% -7.67% 82.35% 13.61% 0.64% Short-Term Borrowings 0.00% 0.00% -100.00% 33.00% -45.77% 84.40% Current Income Taxes Payable -40.85% -20.02% -18.35% Other Current Liabilities, Total -59,16% Current Portion of Long-Term Debt and Capital Lease Current Income Taxes Payable -36.22% -42.85% 109.90% 21.84% -30.23% -77.49% -0.63% 814.18% TOTAL CURRENT LIABILITIES -9.05% 4.51% -17.51% Other Current Liabilities, Total -26.00% -1.17% 101.73% Unearned Revenue, Current 11. 25% 11.86% Pension & Other Post-Retirement Benefits 36.00% 128.30% -9.95% -2.87% 5.36% TOTAL CURRENT LIABILITIES 26.18% -0.68% 32.70% Deferred Tax Liability Non-Current 6.10% -0.30% 19.90% TOTAL NONCURRENT LIABILITIES -3.92% -1.92% 10.31% Long-Term Debt Capital Lease Liability 8.10% 11.54% 58.14% -54.51% -56.74% -28.39% TOTAL LIABILITIES -8.23% 3.42% -13.84% Pension & Other Post-Retirement Benefits -20.86% -0.21% 97.68% Deferred Tax Liability Non-Current -13.70% -18.91% 63259900.00% Common Stock 0.00% 0.00% 0.00% Other Non-Current Liabilities Additional Paid in Capital Retained Earnings -12.07% 54.93% 1792.51% 0.00% 0.45% 3.70% TOTAL NONCURRENT LIABILITIES 3.21% 8.86% 75.06% -15.95% 44.20% 84.14% Treasury Stock 0.00% 0.00% 37.68% TOTAL LIABILITIES 13.64% 4.31% 51.93% Other Comprehensive Income TOTAL EQUITY -0.01% 0.04% 1.45% -5.34% 11.53% 14.25% Common Stock 0.00% 0.00% 0.00% Additional Paid in Capital Retained Earnings Other Comprehensive Income 0.00% 0.00% 0.00% TOTAL LIABILITIES AND EQUITY -5.94% 9.77% 6.68% 15.28% 7.19% 5.53% 129.32% 8.48% -6.19% 6.42% Equity attributable to equity holders of Parent Noncontrolling Interest 9.64% 5.43% 43.17% 55.22% 45.97% TOTAL EQUITY 9.86% 6.64% 5.56%
Transcribed Image Text:LIABILITIES & EQUITY LIABILITIES & EQUITY Accounts Payable -33.26% 17.07% 42.45% Accounts Payable Accrued Expenses Short-Term Borrowings 47.16% 4.74% -33.65% Accrued Expenses 7.55% 22.71% -7.67% 82.35% 13.61% 0.64% Short-Term Borrowings 0.00% 0.00% -100.00% 33.00% -45.77% 84.40% Current Income Taxes Payable -40.85% -20.02% -18.35% Other Current Liabilities, Total -59,16% Current Portion of Long-Term Debt and Capital Lease Current Income Taxes Payable -36.22% -42.85% 109.90% 21.84% -30.23% -77.49% -0.63% 814.18% TOTAL CURRENT LIABILITIES -9.05% 4.51% -17.51% Other Current Liabilities, Total -26.00% -1.17% 101.73% Unearned Revenue, Current 11. 25% 11.86% Pension & Other Post-Retirement Benefits 36.00% 128.30% -9.95% -2.87% 5.36% TOTAL CURRENT LIABILITIES 26.18% -0.68% 32.70% Deferred Tax Liability Non-Current 6.10% -0.30% 19.90% TOTAL NONCURRENT LIABILITIES -3.92% -1.92% 10.31% Long-Term Debt Capital Lease Liability 8.10% 11.54% 58.14% -54.51% -56.74% -28.39% TOTAL LIABILITIES -8.23% 3.42% -13.84% Pension & Other Post-Retirement Benefits -20.86% -0.21% 97.68% Deferred Tax Liability Non-Current -13.70% -18.91% 63259900.00% Common Stock 0.00% 0.00% 0.00% Other Non-Current Liabilities Additional Paid in Capital Retained Earnings -12.07% 54.93% 1792.51% 0.00% 0.45% 3.70% TOTAL NONCURRENT LIABILITIES 3.21% 8.86% 75.06% -15.95% 44.20% 84.14% Treasury Stock 0.00% 0.00% 37.68% TOTAL LIABILITIES 13.64% 4.31% 51.93% Other Comprehensive Income TOTAL EQUITY -0.01% 0.04% 1.45% -5.34% 11.53% 14.25% Common Stock 0.00% 0.00% 0.00% Additional Paid in Capital Retained Earnings Other Comprehensive Income 0.00% 0.00% 0.00% TOTAL LIABILITIES AND EQUITY -5.94% 9.77% 6.68% 15.28% 7.19% 5.53% 129.32% 8.48% -6.19% 6.42% Equity attributable to equity holders of Parent Noncontrolling Interest 9.64% 5.43% 43.17% 55.22% 45.97% TOTAL EQUITY 9.86% 6.64% 5.56%
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