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%
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.
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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