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VERTICAL ANALYSIS ( Requirement: The statement of comprehensive income is shown below. Perform a vertical analysis. Sales Cost of sales GROSS PROFIT Rent income Mila's bakeshop Statement of Comprehensive Income For the year ended December 21, 2021 Depreciation expense Insurance expense Bad debts expense Loss on sale of equipment PROFIT FOR THE YEAR Other comprehensive income COMPREHENSIVE INCOME FOR THE YEAR P1,000,000 600,000 400,000 150,000 (240,000) (120,000) (30,000) (40,000) 120,000 120,000 Percent

VERTICAL ANALYSIS ( Requirement: The statement of comprehensive income is shown below. Perform a vertical analysis. Sales Cost of sales GROSS PROFIT Rent income Mila's bakeshop Statement of Comprehensive Income For the year ended December 21, 2021 Depreciation expense Insurance expense Bad debts expense Loss on sale of equipment PROFIT FOR THE YEAR Other comprehensive income COMPREHENSIVE INCOME FOR THE YEAR P1,000,000 600,000 400,000 150,000 (240,000) (120,000) (30,000) (40,000) 120,000 120,000 Percent

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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Required: • Vertical Analysis
VERTICAL ANALYSIS ( Requirement: The statement of comprehensive income is shown below. Perform a vertical analysis. Sales Cost of sales GROSS PROFIT Rent income Mila's bakeshop Statement of Comprehensive Income For the year ended December 21, 2021 Depreciation expense Insurance expense Bad debts expense Loss on sale of equipment PROFIT FOR THE YEAR Other comprehensive income COMPREHENSIVE INCOME FOR THE YEAR P1,000,000 600,000 400,000 150,000 (240,000) (120,000) (30,000) (40,000) 120,000 120,000 Percent
Transcribed Image Text:VERTICAL ANALYSIS ( Requirement: The statement of comprehensive income is shown below. Perform a vertical analysis. Sales Cost of sales GROSS PROFIT Rent income Mila's bakeshop Statement of Comprehensive Income For the year ended December 21, 2021 Depreciation expense Insurance expense Bad debts expense Loss on sale of equipment PROFIT FOR THE YEAR Other comprehensive income COMPREHENSIVE INCOME FOR THE YEAR P1,000,000 600,000 400,000 150,000 (240,000) (120,000) (30,000) (40,000) 120,000 120,000 Percent
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