Assets

Current Assets
Cash
Marketable Securities
Accounts Receivable
Inventory
Total Current Asset
PPE
Total Assets

Liabilities
Current Liabilities
Long-term Debts
Total Liabilities

Shareholder's Equity
Capital Stock
P10 par, 4, 600 shares
Retained Earnings
Total Shareholder's Equity
Total Liabilities and Shareholder'S Equity
 MEGA BISCUITS INC.
Comparative Financial Position
December 31, 2020, 2021 and 2022
2022 2021 2020 Horizontal
YEAR 2022 & YEAR 2021
Increase/(Decrease)

₱28.00 ₱36.00 ₱36.00 (8.00)

22.00 15.00 7.00 7.00
21.00 16.00 10.00 5.00
53.00 46.00 49.00 7.00
124.00 113.00 102.00 11.00
103.00 91.00 83.00 12.00
₱227.00 ₱204.00 ₱185.00 23.00

₱56.00 ₱50.00 ₱51.00 6.00

83.00 74.00 69.00 9.00
139.00 124.00 120.00 15.00

46.00 46.00 46.00 0.00

42.00 34.00 19.00 8.00
88.00 80.00 65.00 8.00
₱ 227.00 ₱ 204.00 ₱ 185.00 23.00
 Horizontal Analysis
YEAR 2022 & YEAR 2021 YEAR 2021 & YEAR 2020
Percentage Increase/(Decrease) Percentage

-22.22% 0.00 0.00%

46.67% 8.00 114.29%
31.25% 6.00 60.00%
15.22% (3.00) -6.12%
9.73% 11.00 10.78%
13.19% 8.00 9.64%
11.27% 19.00 10.27%

12.00% (1.00) 12.00%

12.16% 5.00 12.16%
12.10% 4.00 3.33%

0.00% 0.00 0.00%

23.53% 15.00 78.95%
10.00% 15.00 23.08%
11.27% 19.00 10.27%
Vertical Analysis

MEGA BISCUITS INC.

Comparative Income Statement
For Years Ended December 31, 2022 and 2021
2022
Amount Percent
Sales ₱ 98.30 122.42%
Sales Return and Allowances 18.00 22.42%
Net Sales 80.30 100.00%
Cost of Sales 52.00 64.76%
Gross Profit 28.30 35.24%
Operating Expense
Selling 12.00 14.94%
General 5.00 6.23%
Total Operating Expense 17.00 21.17%
Income from Operation 11.30 14.07%
Non Operating Income 4.00 4.98%
Interest Expense 2.00 2.49%
Income Before Taxes 13.30 16.56%
Income Taxes (30%) 3.99 4.97%
Net Income ₱ 9.31 11.59%
C.
ement
2022 and 2021
2021
Amount Percent
₱ 120.40 109.45%
10.40 9.45%
110.00 100.00%
63.00 57.27%
47.00 42.73%

13.00 11.82%
8.00 7.27%
21.00 19.09%
26.00 23.64%
1.00 0.91%
2.00 1.82%
25.00 22.73%
7.50 6.82%
₱ 17.50 27.78%
HORIZONTAL ANALYSIS

MEGA BISCUITS INC

Comparative Income Stat
For Years Ended December 31, 2020

2022 2021 2020

Sales ₱ 98.30 ₱ 120.40 ₱ 56.60

Sales Return and Allowances 18.00 10.40 4.00
Net Sales 80.30 110.00 52.60
Cost of Sales 52.00 63.00 28.00
Gross Profit 28.30 47.00 24.60
Operating Expense
Selling 12.00 13.00 11.00
General 5.00 8.00 3.00
Total Operating Expense 17.00 21.00 14.00
Income from Operation 11.30 26.00 10.60
Non Operating Income 4.00 1.00 2.00
Interest Expense 2.00 2.00 1.00
Income Before Taxes 13.30 25.00 11.60
Income Taxes (30%) 3.99 7.50 3.48
Net Income 9.31 17.50 8.12
 MEGA BISCUITS INC.
Comparative Income Statement
s Ended December 31, 2020, 2021, and 2022
Horizontal Analysis
YEAR 2022 & YEAR 2021 YEAR 2021 & YEAR 2020
Increase/(Decrease) Percentage Increase/(Decrease) Percentage
(22.10) -18.36% 63.80 112.72%
7.60 73.08% 6.40 160.00%
(29.70) -27.00% 57.40 109.13%
(11.00) -17.46% 35.00 125.00%
(18.70) -39.79% 22.40 91.06%

(1.00) -7.69% 2.00 18.18%

(3.00) -37.50% 5.00 166.67%
(4.00) -19.05% 7.00 50.00%
(14.70) -56.54% 15.40 145.28%
3.00 300.00% (1.00) -50.00%
0.00 0.00% 1.00 100.00%
(11.70) -46.80% 13.40 115.52%
(3.51) -46.80% 4.02 115.52%
(8.19) -46.80% 9.38 115.52%