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Accounting
Required: 1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease) 2. Prepare Horizontal Analysis 3. Prepare Vertical Analysis

Required: 1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease) 2. Prepare Horizontal Analysis 3. Prepare Vertical Analysis

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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NOTE: ANSWER 1 and 2 ONLY. ANSWER in no. 1 is given in the photo attached
1 NMI Particulars Current Assets Non-current Assets A Particulars 16 Current Liabilities 17 Non-current Liabilities 5 Total Assets 6 Current Liabilities 7 Non-current Liabilities 8 Stockholders' Equity 9 Total Liabilities & Stockholders' Equity P 6,688,620 P 10 11 12 13 Current Assets 14 Non-current Assets 15 Total Assets 18 Stockholders' Equity 19 Total Liabilities & Stockholders' Equity 20 21 22 Particulars 23 Current Assets 24 Non-current Assets 25 Total Assets 26 Current Liabilities. Part 2 P P 27 Non-current Liabilities 28 Stockholders' Equity 29 Total Liabilities & Stockholders' Equity 30 P B P P P 2017 1,105,500 P 5,583,120 P 6,688,620 P 1,664,415 P 1,500,000 P 3,524,205 P 2017 7.80% -4.11% -2.33% 74.67% 0.00% -19.82% -2.33% Part 3 2017 16.53% 83.47% 100.00% 24.88% 22.43% 52.69% 100.00% с Part 1 2016 1,025,500 P 5,822,710 -P 6,848,210 -P 952,918 P 1,500,000 P 4,395,293 -P 6,848,210 -P 2016 7.28% -3.96% -2.43% -16.96% 0.00% 0.55% -2.43% 2016 14.97% 85.03% 100.00% 13.91% 21.90% 64.18% 100.00% D Increase/Decre ase 2016 E 13.62% 86.38% 100.00% 16.35% 21.37% 62.28% 100.00% F 2016 2015 1,025,500 P 955,900 P 80,000 P 239,590 P 5,822,710 P 6,062,700 -P 159,590 P 6,848,210 P 7,018,600 -P 711,497 P 952,918 P 1,147,528 -P P 1,500,000 P 1,500,000 P 871,088 P 4,395,293 P 4,371,073 P 159,590 P 6,848,210 P 7,018,600 -P G Increase/Decr ease 69,600 239,990 170,390 194,610 24,220 170,390
Transcribed Image Text:1 NMI Particulars Current Assets Non-current Assets A Particulars 16 Current Liabilities 17 Non-current Liabilities 5 Total Assets 6 Current Liabilities 7 Non-current Liabilities 8 Stockholders' Equity 9 Total Liabilities & Stockholders' Equity P 6,688,620 P 10 11 12 13 Current Assets 14 Non-current Assets 15 Total Assets 18 Stockholders' Equity 19 Total Liabilities & Stockholders' Equity 20 21 22 Particulars 23 Current Assets 24 Non-current Assets 25 Total Assets 26 Current Liabilities. Part 2 P P 27 Non-current Liabilities 28 Stockholders' Equity 29 Total Liabilities & Stockholders' Equity 30 P B P P P 2017 1,105,500 P 5,583,120 P 6,688,620 P 1,664,415 P 1,500,000 P 3,524,205 P 2017 7.80% -4.11% -2.33% 74.67% 0.00% -19.82% -2.33% Part 3 2017 16.53% 83.47% 100.00% 24.88% 22.43% 52.69% 100.00% с Part 1 2016 1,025,500 P 5,822,710 -P 6,848,210 -P 952,918 P 1,500,000 P 4,395,293 -P 6,848,210 -P 2016 7.28% -3.96% -2.43% -16.96% 0.00% 0.55% -2.43% 2016 14.97% 85.03% 100.00% 13.91% 21.90% 64.18% 100.00% D Increase/Decre ase 2016 E 13.62% 86.38% 100.00% 16.35% 21.37% 62.28% 100.00% F 2016 2015 1,025,500 P 955,900 P 80,000 P 239,590 P 5,822,710 P 6,062,700 -P 159,590 P 6,848,210 P 7,018,600 -P 711,497 P 952,918 P 1,147,528 -P P 1,500,000 P 1,500,000 P 871,088 P 4,395,293 P 4,371,073 P 159,590 P 6,848,210 P 7,018,600 -P G Increase/Decr ease 69,600 239,990 170,390 194,610 24,220 170,390
Current Assets Non-Current Assets Total Assets Current Liabilities Non-Current Liabilities Stockholder's Equity Total Liabilities & Stockholder's Equity Required: Patikim Corporation Comparative Financial Condition For the Years Ended Dec. 31, 2017, 2016, & 2015 P P 2017 1,105,500 5,583,120 6,688,620 1,664,415 1,500,000 3,524, 205 6,668,620 P P 2016 1,025,500 P 1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease) 2. Prepare Horizontal Analysis 3. Prepare Vertical Analysis 2015 5,822,710 6,848,210 952,918 1,500,000 4,395,293 6,848,210 7,018,600 955,900 6,062,700 7,018,600 1,147,528 1,500,000 4,371,073
Transcribed Image Text:Current Assets Non-Current Assets Total Assets Current Liabilities Non-Current Liabilities Stockholder's Equity Total Liabilities & Stockholder's Equity Required: Patikim Corporation Comparative Financial Condition For the Years Ended Dec. 31, 2017, 2016, & 2015 P P 2017 1,105,500 5,583,120 6,688,620 1,664,415 1,500,000 3,524, 205 6,668,620 P P 2016 1,025,500 P 1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease) 2. Prepare Horizontal Analysis 3. Prepare Vertical Analysis 2015 5,822,710 6,848,210 952,918 1,500,000 4,395,293 6,848,210 7,018,600 955,900 6,062,700 7,018,600 1,147,528 1,500,000 4,371,073
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