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    Business Finance - Horizontal Analysis

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    Anon
    Elizabeth Tailoring Materials Store's statement of financial position for 2022 shows: Total assets increased 7% to 19.58 million pesos, with trading securities up 109.52%. Total liabilities decreased -0.78% to 2.53 million pesos despite notes payable decreasing 20%. Owner's equity increased 8.26% to 17.05 million pesos, indicating an increase in the store owner's residual interest.

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    Business Finance - Horizontal Analysis

    Uploaded by

    Anon
    468 views2 pages
    Elizabeth Tailoring Materials Store's statement of financial position for 2022 shows: Total assets increased 7% to 19.58 million pesos, with trading securities up 109.52%. Total liabilities decreased -0.78% to 2.53 million pesos despite notes payable decreasing 20%. Owner's equity increased 8.26% to 17.05 million pesos, indicating an increase in the store owner's residual interest.

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    Elizabeth Tailoring Materials Store's statement of financial position for 2022 shows: Total assets increased 7% to 19.58 million pesos, with trading securities up 109.52%. Total liabilities decreased -0.78% to 2.53 million pesos despite notes payable decreasing 20%. Owner's equity increased 8.26% to 17.05 million pesos, indicating an increase in the store owner's residual interest.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    468 views2 pages

    Business Finance - Horizontal Analysis

    Uploaded by

    Anon
    Elizabeth Tailoring Materials Store's statement of financial position for 2022 shows: Total assets increased 7% to 19.58 million pesos, with trading securities up 109.52%. Total liabilities decreased -0.78% to 2.53 million pesos despite notes payable decreasing 20%. Owner's equity increased 8.26% to 17.05 million pesos, indicating an increase in the store owner's residual interest.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    ELIZABETH TAILORING MATERIALS STORE

    Statement of Financial Position


    Dec-31
    ASSETS 2022
    Current Assets
    Cash P 1,281,600.00 P
    Trading Securities 880,000.00
    Accounts Receivable, net 670,000.00
    Merchandise Inventory 950,000.00
    Prepaid Expenses 370,000.00
    Total Current Assets P 4,151,600.00 P

    Non-Current Assets
    Land P 8,000,000.00 P
    Building, net 6,000,000.00
    Equipment, net 950,000.00
    Furniture, Fixtures, net 480,000.00
    Total Non-Current Assets P 15,430,000.00 P
    Total Assets P 19,581,600.00 P

    Liabilities and Owner's Equity 2022


    Liabilities
    Current Liabilities
    Accounts Payable P 630,000.00 P
    Notes Payable, trade 400,000.00
    Accrued Expenses 300,000.00
    Total Current Liabilities P 1,330,000.00 P

    Non-current Liabilities
    Loans Payable P 1,200,000.00 P
    Total Liabilities P 2,530,000.00 P

    Owner's Equity
    Tailoring Capital P 17,051,600.00 P
    Total Liabilities and Owner's Equity P 19,581,600.00 P

    EXPLANATIONS
    The total assets increased by 7% with trading securities contributing to the highest percentage change, an increase of 109.52%
    Total liabilities decreased by -0.78%, with notes payable, trade making up the majority of the decreased.
    The owner's equity increased by 8.26%. The increase in owner's equity implies an increase in the residual interest of Elizabeth'
    G MATERIALS STORE
    ancial Position
    31
    2021 Peso Value Change Percentage Change

    850,000.00 431,600.00 50.78 %


    420,000.00 460,000.00 109.52 %
    750,000.00 -80,000.00 -10.67 %
    1,200,000.00 -250,000.00 -20.83 %
    280,000.00 90,000.00 32.14 %
    3,500,000.00 651,600.00 18.62 %

    8,000,000.00 0.00 0%
    5,500,000.00 500,000.00 9.09 %
    800,000.00 150,000.00 18.75 %
    500,000.00 -20,000.00 -0.04 %
    14,800,000.00 630,000.00 4.26 %
    18,300,000.00 1,281,600.00 7%

    2021 Peso Value Change Percentage Change

    600,000.00 30,000.00 5%
    500,000.00 -100,000.00 -20 %
    250,000.00 50,000.00 20 %
    1,350,000.00 -20,000.00 -1.48 %

    1,200,000.00 0.00 0%
    2,550,000.00 -20,000.00 -0.78 %

    15,750,000.00 1,301,600.00 8.26 %


    18,300,000.00 1,281,600.00 7%

    change, an increase of 109.52%.

    e residual interest of Elizabeth's tailoring store's owner over the store.

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