Harry James Cosejo

12-Integrity A

YUMMY SHOP (HORIZONTAL)

Comparative Statements of Financial Position
As of December 2020 and 2019
Account Titles 2020 2019 Peso Percentage
ASSETS
Current Assets
Cash P 35,500 P 25,000 P 10,500 42%
Accounts Receivable 10,000 5,000 5,000 100%
Prepaid Expenses 7,500 3,500 4,000 114.29%
Total Current Assets 53,000 33,500 19,500 58.21%
Non-Current Assets
Property, Plant and Equipment 85,000 50,000 35,000 70%
TOTAL ASSETS P 138,000 P83,500 54,500 65.27%

LIABILITIES AND OWNER'S EQUITY

Current Liabilities
Accounts Payable 25,000 13,500 11,500 85.18%
Non-Current Liabilities
Loan Payable 59,000 50,000 9,000 18%
TOTAL LIABILITIES 84,000 63,500 20,500 32.28%

Owner's Capital
Yummy Yum, Capital 54,000 20,000 34,000 170%
TOTAL LIABILITIES AND OWNER'S
EQUITY P 138, 000 P 83,500 54,500 65.27%

YUMMY SHOP (VERTICAL)

Comparative Statements of Financial Position
As of December 2020 and 2019
Account Titles 2020 Percentage 2019 Percentage
ASSETS
Current Assets
Cash P 35,000 25.37% P 25,000 29.94%
Accounts Receivable 10,000 7.25% 5,000 5.99 %
Prepaid Expenses 7,500 5.43% 3,500 4.19%
Total Current Assets 53,000 38.41% 33,500 40.12%
Non-Current Assets
Property, Plant and Equipment 85,000 61.60% 50,000 59.89 %
TOTAL ASSETS P 138,000 100% P83,500 100 %

LIABILITIES AND OWNER'S EQUITY

Current Liabilities
Accounts Payable 25,000 29.76% 13,500 21.26%
Non-Current Liabilities
Loan Payable 59,000 70.24% 50,000 78.74 %
 TOTAL LIABILITIES 84,000 100% 63,500 100.00%

Owner's Capital
Yummy Yum, Capital 54,000 39.13% 20,000 23.95 %
TOTAL LIABILITIES AND OWNER'S
EQUITY P 138, 000 100% P 83,500 100 %

YUMMY SHOP (HORIZONTAL)

Comparative Statements of Comprehensive Income
For the year ended December 31, 2020 and 2019
Account Titles 2020 2019 Pesos Percentage
Revenues
Cakes P 105,000 P 55,000 P 50,000 90.91%
Pastries 95,500 36,500 59,000 161.64%
Total Revenues 200,500 91,500 109,000 119.13%

Expenses
Cake and Pastries Ingredients 60,000 40,000 20,000 50%
Salaries 50,000 36,000 14,000 38.89%
Depreciation 3,500 2,500 1000 40%
Utilities 45,000 25,000 20,000 80%
Supplies 8,000 10,000 -2000 -20%
Advertising and Promotion 2,000 1,000 1000 100%
Taxes and Licenses 8,500 5,800 2,700 46.55%
Repairs and Maintenance 2,575 2,500 75 3%
Interest Expense 10,500
Total Expense 190,075 122,800 67,275 54.78%
Net Profit (Loss) P 10,425 P(31,300) -20,875 66.69%

YUMMY SHOP (VERTICAL)

Comparative Statements of Comprehensive Income
For the year ended December 31,2020 and 2019
Account Titles 2020 Percentage 2019 Percentage
Revenues
Cakes P 105,000 52.37% P 55,000 60.11%
Pastries 95,500 47.63% 36,500 39.89%
Total Revenues 200,500 100% 91,500 100%

Expenses
Cake and Pastries Ingredients 60,000 29.92% 40,000 43.72%
Salaries 50,000 24.94% 36,000 39.34%
Depreciation 3,500 1.75% 2,500 2.73%
Utilities 45,000 22.44% 25,000 27.32%
Supplies 8,000 3.99% 10,000 10.93%
Advertising and Promotion 2,000 1% 1,000 1.09%
Taxes and Licenses 8,500 4.24% 5,800 6.34%
Repairs and Maintenance 2,575 1.28% 2,500 2.73%
Interest Expense 10,500 5.24%
Total Expense 190,075 94.80% 122,800 134.21%
Net Profit (Loss) P 10,425 5.20% P(31,300) -34.21%

Net Income
>Return on Assets =
Average Asset
Average Asset= 138,000 + 83,500 /2 = 110,750
10,425 −31,000
Return on Assets (2020) = = 9.41% Return on Assets (2019) = =-
110,750 110,750
27.99%

Net Income
>Return in Equity =
Average Equity
Average Equity = 54,000 + 20,000 / 2 = 37000
10,425 −31,000
Return in Equity (2020) = = 28.17% Return in Equity (2019) = =-
37,000 37,000
83.78%

Total debt
>Debt to equity ratio =
Equity
54,000 20,000
Debt to equity ratio (2020) = =39.13% Debt to equity ratio (2019) = =
138,000 83,500
23.95%

Total debt
>Debt ratio =
Total Asset
84,000 63,500
Debt ratio (2020) = = 60.87% Debt ratio (2019) = = 76.05%
138,000 83,500

Current Asset
>Current Ratio =
Current Liabilities
53,000 25,000
Current Ratio (2020) = = 2.12:1 Current Ratio (2019) = = 2.48:1
25000 13,500