TVL Company Statement of Financial Position As of December 31, 2019 (in Philippine Peso) (With Comparative Figures for 2018) Increase/(Decrease) Peso 2019 2018 Percent Assets Cash 250,000 80,000 110,000 320,000 145,000 74,000 87,000 340,500 105.000.00 72% 6,000.00 23,000.00 (20,500.00) (6%) 113,500.00 18% Accounts Receivable 8% 26% Merchandise Inventory Property, Plant & Equipment Total Assets 760,000 646,500 Liabilities Accounts Payable Notes Payable Mortgage Payable Total Liabilities 70,000 100,000 90,000 260,000 80,000 100,000 105,000 285,000 (10,000) (13%) 0% (15.000.00) (14%) (25,000.00) (9%) Equity Owner's Capital Total Liabilities & Equity 500,000 760,000 361,500 138,500.00 38% 113,500 646,500 18%

TVL Company Statement of Financial Position As of December 31, 2019 (in Philippine Peso) (With Comparative Figures for 2018) Increase/(Decrease) Peso 2019 2018 Percent Assets Cash 250,000 80,000 110,000 320,000 145,000 74,000 87,000 340,500 105.000.00 72% 6,000.00 23,000.00 (20,500.00) (6%) 113,500.00 18% Accounts Receivable 8% 26% Merchandise Inventory Property, Plant & Equipment Total Assets 760,000 646,500 Liabilities Accounts Payable Notes Payable Mortgage Payable Total Liabilities 70,000 100,000 90,000 260,000 80,000 100,000 105,000 285,000 (10,000) (13%) 0% (15.000.00) (14%) (25,000.00) (9%) Equity Owner's Capital Total Liabilities & Equity 500,000 760,000 361,500 138,500.00 38% 113,500 646,500 18%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 88PSA: Ratio Analysis Consider the following information taken from the stockholders equity section: How do...

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