Please help me Enrichment Activity 7-1. Vertical AnalysisComplete the vertical analysis of Financial Performance of Alegres Santos'Groceries: (Use percentages in two decimal places.)Alegres Santos' GroceriesStatement of Financial PerformanceFor the years ended December 3120212010AmountPercentAmountPercentNet SalesLess: Cost of Goods SoldGross ProfitLess: Operating ExpensesOperating IncomeLess: Finance CostsP802,750460,200 1).342,550 2)233,670 3).108,880 4)45,000 5)100.00% P 671,179381,900 9).289,279 10)185,660_ 11),103,619 12)38,000 13)100.00%Net Income before Tax63,880 6)19,164 7).44,716 8)65,619 14)19,686 15)PLess: Income TaxNet Income after Tax45,933 16)Write your interpretation and analysis in no less than four sentences. Enrichment Activity 7-2. Horizontal AnalysisComplete the horizontal analysis and interpretation of Financial Performance ofRobero Sumaleng's Merchandising: (Use percentages in two decimal places.)Rober Sumaleng's MerchandisingStatement of Comprehensive IncomeFor the years ended December 3120212020Inc/(Dec)AmountPercentP 875,40042,221P 833,179421,900411,279Sales942,50040,750901,750508,200PLess: Sales DiscountsNet SalesLess: Cost of Goods SoldGross Profit393,550Less: Operating ExpensesDistribution CostsAdministrative ExpensesTotal Operating Expenses PNet Income before Tax92,450108,200200,650192,900115,320118,300P233,620177,659Less: Income Tax57,870P 135,03053,298P 124,361Net Income after TaxWrite your interpretation and analysis in no less than four sentences.

Hi student Since there are multiple questions, we will answer only first question. Vertical…

Enrichment Activity 7-1. Vertical Analysis Complete the vertical analysis of Financial Performance of Alegres Santos' Groceries: (Use percentages in two decimal places.) Alegres Santos' Groceries Statement of Financial Performance For the years ended December 31 2021 2010 Amount 802,750 460,200 1). 342,550 2) 233,670 3). 108,880 4) 45,000 5) Percent Amount Percent Net Sales P 100.00% P 671,179 381,900 9), 289,279 10) 185,660 11), 103,619 12) 38,000 13) 65,619 14) 19,686 15) 45,933 16) 100.00% Less: Cost of Goods Sold Gross Profit Less: Operating Expenses Operating Income Less: Finance Costs Net Income before Tax 63,880 6) 19,164 7) 44,716 8) Less: Income Tax Net Income after Tax

Enrichment Activity 7-1. Vertical Analysis Complete the vertical analysis of Financial Performance of Alegres Santos' Groceries: (Use percentages in two decimal places.) Alegres Santos' Groceries Statement of Financial Performance For the years ended December 31 2021 2010 Amount 802,750 460,200 1). 342,550 2) 233,670 3). 108,880 4) 45,000 5) Percent Amount Percent Net Sales P 100.00% P 671,179 381,900 9), 289,279 10) 185,660 11), 103,619 12) 38,000 13) 65,619 14) 19,686 15) 45,933 16) 100.00% Less: Cost of Goods Sold Gross Profit Less: Operating Expenses Operating Income Less: Finance Costs Net Income before Tax 63,880 6) 19,164 7) 44,716 8) Less: Income Tax Net Income after Tax

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 87PSB

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