BM1915

NAME: DATE: SCORE:

PRACTICE EXERCISE

Compute for the peso and percentage changes using the comparative statement of financial position below.

ABC Corporation
Comparative Statement of Financial Position
For the Year Ended 201B and 201A (in pesos)
Horizontal Analysis
Peso Percentage
201B 201A
Change Change

Cash and Cash Equivalents 2,450 2,094 356 17.00%

Receivables 1,813 1,611
Inventories 1,324 1,060
Prepaid Expenses 1,709 2,120
Total Current Assets 7,296 6885
Noncurrent Assets 18,500 15,737
Total Assets 25,796 22,622

Current Liabilities 7,230 8,467

Long-Term Liabilities 4,798 3,792
Common Stock 6,568 4,363
Retained Earnings 7,200 6,000
Total Liabilities and Equity 25,796 22,622

02 Activity 1 *Property of STI

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