ABM COMPANY

COMPARATIVE BALANCE SHEET

December 31, 2016, December 31, 2017

Increase (Decrease)
ASSETS 2017 2016 AMOUNT PERCENT
Cash 15,600 12,000
Notes Receivable 500 600
Accounts Receivable 35,000 40,000
Merchadise Inventory 80,000 75,000
Fixtures and equipment 17,000 16,000
Total Assets 143,600 148,100

LIABILITIES
Notes Payable 8,000 6,000
Accounts Payable 14,000 15,000
Wages Payable 1,500 1,100
Total Liabilities 23,500 22,100
 STOCKHOLDER’S EQUITY
C.T. Calupig net worth 121,500 110,000
Retained Earnings 3,100 11,500
Total Stockholder’s Equity 124,600 121,500
Total Liabilities and Stock 148,100 143,600
Holder’s Equity

1. Solve for horizontal analysis.

2. Explain briefly.

ABM COMPANY
COMPARATIVE INCOME STATEMENT
December 31, 2016, December 31, 2017
 Increase (Decrease)
2017 2016 AMOUNT PERCENT
Sales 1,498,000 1,200,000
Cost of goods sold 1,043,000 820,000
Gross Profit 455,000 380,000

Selling Expenses 191,000 147,000

General Expenses 104,000 97,400
Total Operating Expenses 295,000 244,400

Operating Income 160,000 135,600

Other income 8,500 11,000
168,500 146,600
Other Expenses 6,000 12,000
Income before tax 162,500 134,600
Income tax 71,500 58,100
Net income 91,000 76,500
3. Solve for horizontal analysis.
4. Explain briefly.