1. What is the general trend of the company’s current assets? Did you observe any account with significantfluctuations? What could be the reason for this?2. What is the general trend of the company’s noncurrent assets? Did you observe any account withsignificant fluctuations? What could be the reason for this?3. What is the general trend of the company’s current liabilities? Did you observe any account withsignificant fluctuations? What could be the reason for this?4. What is the general trend of the company’s noncurrent liabilities? Did you observe any account withsignificant fluctuations? What could be the reason for this?5. What is the general trend of the company’s equity? Did you observe any account with significantfluctuations? What could be the reason for this? LIABILITIES & EQUITYAccounts PayableAccrued Expenses-33.26%17.07%42.45%7.55%22.71%-7.67%Short-Term Borrowings0.00%0.00%-100.00%Current Income Taxes Payable-40.85%-20.02%-18.35%Other Current Liabilities, Total21.84%-59.16%-30.23%TOTAL CURRENT LIABILITIES-9.05%4.51%-17.51%Pension & Other Post-Retirement Benefits-9.95%-2.87%5.36%Deferred Tax Liability Non-Current6.10%-0.30%19.90%TOTAL NONCURRENT LIABILITIES-3.92%-1.92%10.31%TOTAL LIABILITIES-8.23%3.42%-13.84%Common Stock0.00%0.00%0.00%Additional Paid in Capital0.00%0.45%3.70%Retained Earnings-15.95%44.20%84.14%Treasury Stock0.00%0.00%37.68%Other Comprehensive Income-0.01%0.04%1.45%TOTAL EQUITY-5.34%11.53%14.25%TOTAL LIABILITIES AND EQUITY-5.94%9.77%6.68% GMA NETWORK INC.CONSOLIDATED STATEMENTS OF FINANCIAL POSITIONcurrency in philippine pesos, in millions2010200920082007ASSETSCash-43.99%30.34%65.55%Short term investments-100.00%1019.05%-27.59%Receivables7.18%17.25%-7.80%Inventory-7.00%31.83%9.89%Prepaid Expenses19.75%31.14%-21.48%Other Current Assets4.44%-18.13%16.49%TOTAL CURRENT ASSETS-6.52%16.44%5.72%Property Plant and Equipment-3.44%0.02%9.00%Long-Term Investments1.96%-1.04%16.19%Deferred Tax Assets, Long Term7.82%17.22%15.02%Other Intangibles36.68%-6.77%-5.78%Other Long-Term Assets-36.30%5.73%-8.59%TOTAL NONCURRENT ASSETS-4.98%0.40%8.06%TOTAL ASSETS-5.94%9.77%6.68%

In case of multiple sub-parts, only first 3 parts shall be answered. The trend analysis can be…

Answered: What is the general trend of the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Concept explainers

Question

1. What is the general trend of the company’s current assets? Did you observe any account with significant
fluctuations? What could be the reason for this?
2. What is the general trend of the company’s noncurrent assets? Did you observe any account with
significant fluctuations? What could be the reason for this?
3. What is the general trend of the company’s current liabilities? Did you observe any account with
significant fluctuations? What could be the reason for this?
4. What is the general trend of the company’s noncurrent liabilities? Did you observe any account with
significant fluctuations? What could be the reason for this?
5. What is the general trend of the company’s equity? Did you observe any account with significant
fluctuations? What could be the reason for this?

LIABILITIES & EQUITY
Accounts Payable
Accrued Expenses
-33.26%
17.07%
42.45%
7.55%
22.71%
-7.67%
Short-Term Borrowings
0.00%
0.00%
-100.00%
Current Income Taxes Payable
-40.85%
-20.02%
-18.35%
Other Current Liabilities, Total
21.84%
-59.16%
-30.23%
TOTAL CURRENT LIABILITIES
-9.05%
4.51%
-17.51%
Pension & Other Post-Retirement Benefits
-9.95%
-2.87%
5.36%
Deferred Tax Liability Non-Current
6.10%
-0.30%
19.90%
TOTAL NONCURRENT LIABILITIES
-3.92%
-1.92%
10.31%
TOTAL LIABILITIES
-8.23%
3.42%
-13.84%
Common Stock
0.00%
0.00%
0.00%
Additional Paid in Capital
0.00%
0.45%
3.70%
Retained Earnings
-15.95%
44.20%
84.14%
Treasury Stock
0.00%
0.00%
37.68%
Other Comprehensive Income
-0.01%
0.04%
1.45%
TOTAL EQUITY
-5.34%
11.53%
14.25%
TOTAL LIABILITIES AND EQUITY
-5.94%
9.77%
6.68%

GMA NETWORK INC.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
currency in philippine pesos, in millions
2010
2009
2008
2007
ASSETS
Cash
-43.99%
30.34%
65.55%
Short term investments
-100.00%
1019.05%
-27.59%
Receivables
7.18%
17.25%
-7.80%
Inventory
-7.00%
31.83%
9.89%
Prepaid Expenses
19.75%
31.14%
-21.48%
Other Current Assets
4.44%
-18.13%
16.49%
TOTAL CURRENT ASSETS
-6.52%
16.44%
5.72%
Property Plant and Equipment
-3.44%
0.02%
9.00%
Long-Term Investments
1.96%
-1.04%
16.19%
Deferred Tax Assets, Long Term
7.82%
17.22%
15.02%
Other Intangibles
36.68%
-6.77%
-5.78%
Other Long-Term Assets
-36.30%
5.73%
-8.59%
TOTAL NONCURRENT ASSETS
-4.98%
0.40%
8.06%
TOTAL ASSETS
-5.94%
9.77%
6.68%

Expert Solution

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Accounting for Current liabilities, Provisions and Contingencies

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions