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    JC Trading Company's statement of financial position for the year ending December 31, 20D4 showed total assets of ₱8,612.95, a 6.43% increase from 20D3. Current assets increased 4.7% to ₱1,957.22. Property, plant and equipment rose 7.43% to ₱5,910.53. Total liabilities were ₱1,850.63, an 11.13% increase. JC Trading's statement of comprehensive income for the year ended showed sales revenue up 9.43% to ₱5,385.86. Net income increased 14.7% to ₱592.79.

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    JC Trading Company's statement of financial position for the year ending December 31, 20D4 showed total assets of ₱8,612.95, a 6.43% increase from 20D3. Current assets increased 4.7% to ₱1,957.22. Property, plant and equipment rose 7.43% to ₱5,910.53. Total liabilities were ₱1,850.63, an 11.13% increase. JC Trading's statement of comprehensive income for the year ended showed sales revenue up 9.43% to ₱5,385.86. Net income increased 14.7% to ₱592.79.

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    1 views1 page

    FABM2

    Uploaded by

    Allana Vercelos
    JC Trading Company's statement of financial position for the year ending December 31, 20D4 showed total assets of ₱8,612.95, a 6.43% increase from 20D3. Current assets increased 4.7% to ₱1,957.22. Property, plant and equipment rose 7.43% to ₱5,910.53. Total liabilities were ₱1,850.63, an 11.13% increase. JC Trading's statement of comprehensive income for the year ended showed sales revenue up 9.43% to ₱5,385.86. Net income increased 14.7% to ₱592.79.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    JC Trading Company

    Statement of Financial Position


    As of December 31

    (in P thousands) Increase (Decrease)


    20D4 20D3 P %
    Cash and Cash Equivalents ₱ 470.31 ₱ 519.86 49.55 9.53
    Accounts Receivable, net 660.11 565.17 94.94 16.80
    Inventory 653.06 555.48 97.58 17.37
    Prepaid Expenses 173.74 228.82 55.08 24.07
    Total Current Assets 1,957.22 1,869.32 87.9 4.70
    Property, Plant, and Equipment, net 5,910.53 5,501.66 408.87 7.43
    Intangible Assets 745.20 721.91 23.29 3.23
    Total Assets ₱ 8,612.95 ₱ 8,092.89 520.06 6.43

    Current Liabilities ₱ 1,273.05 ₱ 1,123.70 149.35 13.3


    Long-Term Liabilities 577.58 541.54 36.04 6.65
    Total Liabilities 1,850.63 1,665.24 185.39 11.13
    JC, Capital 6,762.32 6,427.65 334.67 5.21
    Total Liabilitiea and Owner's Equity ₱ 8,612.95 ₱ 8,092.89 520.06 6.43

    JC Trading Company
    Statement of Comprehensive Income
    For the year ended

    (in P thousands) Increase (Decrease)


    20D4 20D3 P %
    Sales Revenue ₱ 5,385.86 ₱ 4,921.85 464.01 9.43
    Cost of Goods Sold 1,374.79 1,254.86 119.93 9.56
    Gross Profit 4,011.07 3,666.99 344.08 9.38
    Selling and Administrative Expenses 3,406.46 3,127.15 279.31 8.93
    Operating Income 604.61 539.84 64.77 12
    Interest Expense 11.82 23.04 11.22 48.69
    Net Income ₱ 592.79 ₱ 516.80 75.99 14.70

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