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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%

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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What can you see from horizontal analysis? Or comment briefly on the facts revealed by your analysis. 

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 80,000 110,000 320,000 760,000 145,000 74,000 87,000 340,500 646,500 105.000.00 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 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% 646,500 113,500 18%
Transcribed Image Text: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 80,000 110,000 320,000 760,000 145,000 74,000 87,000 340,500 646,500 105.000.00 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 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% 646,500 113,500 18%
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