Please provide the following: • Horizontal Analysis • Vertical Analysis
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 4E
Related questions
Question
Please provide the following:
• Horizontal Analysis
• Vertical Analysis
![Prepare common size statement
Gross sales
Sales return
Sales Discount
Net sales
COS
Selling expense
Admin expense
Asset
Cash
AR
Prepaid insurance
Prepaid rent
Marketable securities
Merchandise inventory
Furniture and fixtures [net]
Land
Building [net]
Total assets
Liabilities and Equity
AP
Notes Payable (due in 6 months)
Total liabilities
Shareholders Equity
Ordinary shares
Retained earnings
Treasury shares
Total Shareholders equity
Total liabilities and Shareholders Equity
B
2018
P3,050,000.00
P3,200.00
P3,000.00
P3,043,800.00
P2,790,000.00
P500,000.00
P300,000.00
2018
P350,000.00
P1,500,000.00
P30,000.00
P120,000.00
P200,000.00
P350,000.00
P400,000.00
P900,000.00
P2,500,000.00
P6,350,000.00
P900,000.00
P490,000.00
P1,390,000.00
P4,000,000.00
P1,010,000.00
(P50,000.00)
P4,960,000.00
P6,350,000.00
P0.00
C
D
Comprehensive income
2019
P4,750,000.00
P16,000.00
P7,000.00
P4,727,000.00
P2,299,000.00
P900,000.00
P700,000.00
Statement of Financial position
2019
P627,000.00
P1,600,000.00
P15,000.00
P120,000.00
P500,000.00
P550,000.00
P350,000.00
P900,000.00
P2,250,000.00
P6,912,000.00
P1,100,000.00
P600,000.00
P1,700,000.00
P4,000,000.00
P1,212,000.00
P5,212,000.00
P6,912,000.00
P0.00
E
F
2020
P8,988,000.00
P35,000.00
P20,100.00
P8,932,900.00
P5,051,000.00
P3,000,000.00
P1,500,000.00
2020
P550,000.00
P1,200,000.00
P50.000.00
P150,000.00
P1,000,000.00
P400,000.00
P300,000.00
P900,000.00
P2,000,000.00
P6,550,000.00
P600,000.00
P200,000.00
P800,000.00
25.000.000.00
P750,000.00
P5,750,000.00
P6,550,000.00
P0.00
G
H
2021
P13,450,000.00
P60,000.00
P45,000.00
P13,345,000.00
P7,605,000.00
P3,090,000.00
P1,900,000.00
2021
P1,500,000.00
P2,000,000.00
P50,000.00
P150,000.00
P500,000.00
P500,000.00
P450,000.00
P900,000.00
P1,750,000.00
P7,800,000.00
P990,000.00
P600,000.00
P1,590,000.00
P5,000,000.00
P1,210,000.00
P6,210,000.00
P7,800,000.00
P0.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ea05ab3-6a1d-4147-897f-22f8f7b53553%2Fa1c07367-3c60-4102-9699-01e5cec231f1%2Fmbisuem_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Prepare common size statement
Gross sales
Sales return
Sales Discount
Net sales
COS
Selling expense
Admin expense
Asset
Cash
AR
Prepaid insurance
Prepaid rent
Marketable securities
Merchandise inventory
Furniture and fixtures [net]
Land
Building [net]
Total assets
Liabilities and Equity
AP
Notes Payable (due in 6 months)
Total liabilities
Shareholders Equity
Ordinary shares
Retained earnings
Treasury shares
Total Shareholders equity
Total liabilities and Shareholders Equity
B
2018
P3,050,000.00
P3,200.00
P3,000.00
P3,043,800.00
P2,790,000.00
P500,000.00
P300,000.00
2018
P350,000.00
P1,500,000.00
P30,000.00
P120,000.00
P200,000.00
P350,000.00
P400,000.00
P900,000.00
P2,500,000.00
P6,350,000.00
P900,000.00
P490,000.00
P1,390,000.00
P4,000,000.00
P1,010,000.00
(P50,000.00)
P4,960,000.00
P6,350,000.00
P0.00
C
D
Comprehensive income
2019
P4,750,000.00
P16,000.00
P7,000.00
P4,727,000.00
P2,299,000.00
P900,000.00
P700,000.00
Statement of Financial position
2019
P627,000.00
P1,600,000.00
P15,000.00
P120,000.00
P500,000.00
P550,000.00
P350,000.00
P900,000.00
P2,250,000.00
P6,912,000.00
P1,100,000.00
P600,000.00
P1,700,000.00
P4,000,000.00
P1,212,000.00
P5,212,000.00
P6,912,000.00
P0.00
E
F
2020
P8,988,000.00
P35,000.00
P20,100.00
P8,932,900.00
P5,051,000.00
P3,000,000.00
P1,500,000.00
2020
P550,000.00
P1,200,000.00
P50.000.00
P150,000.00
P1,000,000.00
P400,000.00
P300,000.00
P900,000.00
P2,000,000.00
P6,550,000.00
P600,000.00
P200,000.00
P800,000.00
25.000.000.00
P750,000.00
P5,750,000.00
P6,550,000.00
P0.00
G
H
2021
P13,450,000.00
P60,000.00
P45,000.00
P13,345,000.00
P7,605,000.00
P3,090,000.00
P1,900,000.00
2021
P1,500,000.00
P2,000,000.00
P50,000.00
P150,000.00
P500,000.00
P500,000.00
P450,000.00
P900,000.00
P1,750,000.00
P7,800,000.00
P990,000.00
P600,000.00
P1,590,000.00
P5,000,000.00
P1,210,000.00
P6,210,000.00
P7,800,000.00
P0.00
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 4 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337272124/9781337272124_smallCoverImage.gif)
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337272124/9781337272124_smallCoverImage.gif)
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning