FINANCIAL STATEMENT ANALYSIS FINANCIAL INFORMATION *USE THE DATA BELOW FOR THE CREATION OF HORIZONTAL AND VERTICAL ANALYSIS ONLY GILAS PILIPINAS STORE INC. GILAS PILIPINAS STORE INC. Statement of Comprehensive Income Statement of Comprehensive Income For The Year Ended December 31, 2018 and 2019 For The Year Ended December 31, 2018 and 2019 2019 2018 2019 2018 Sales $ 2,195,000.00 $ 1,960,000.00 Assets Sales returns and allowances $ 98,000.00 $ 123,000.00 Current Assets $ 1,020,000.00 $ 945,000.00 Net Sales $ 2,097,000.00 $ 1,837,000.00 Plant assets (net) $ 800,000.00 $ 632,500.00 Cost of goods sold $ 1,281,000.00 $ 1,140,000.00 Intangible Assets $ 15,000.00 $ 17,500.00 Gross profit $ 816,000.00 $ 697,000.00 Total Assets $ 1,835,000.00 $ 1,595,000.00 Selling expenses $ 253,000.00 $ 211,500.00 Administrative expenses $ 104,000.00 $ 108,500.00 Liabilites Total Operating Expenses $ 357,000.00 $ 320,000.00 Current liabilities $ 344,500.00 $ 303,000.00 Income from operations $ 459,000.00 $ 377,000.00 Long-term liabilities $ 487,500.00 $ 497,000.00 Other revenues and gains Total Liabilities $ 832,000.00 $ 800,000.00 Interest and dividends $ 9,000.00 $ 11,000.00 Other expenses and losses Stockholders' Equity Interest expense $ 36,000.00 $ 40,500.00 Common stock, $1 par $ 275,400.00 $ 270,000.00 Income before income taxes $ 432,000.00 $ 347,500.00 Retained Earnings $ 727,600.00 $ 525,000.00 Income tax expense $ 168,200.00 $ 139,000.00 Total Stockholders' Equity $ 1,003,000.00 $ 795,000.00 Net Income $ 263,800.00 $ 208,500.00 Total Liabilities and Owner's Equity $ 1,835,000.00 $ 1,595,000.00

FINANCIAL STATEMENT ANALYSIS FINANCIAL INFORMATION *USE THE DATA BELOW FOR THE CREATION OF HORIZONTAL AND VERTICAL ANALYSIS ONLY GILAS PILIPINAS STORE INC. GILAS PILIPINAS STORE INC. Statement of Comprehensive Income Statement of Comprehensive Income For The Year Ended December 31, 2018 and 2019 For The Year Ended December 31, 2018 and 2019 2019 2018 2019 2018 Sales $ 2,195,000.00 $ 1,960,000.00 Assets Sales returns and allowances $ 98,000.00 $ 123,000.00 Current Assets $ 1,020,000.00 $ 945,000.00 Net Sales $ 2,097,000.00 $ 1,837,000.00 Plant assets (net) $ 800,000.00 $ 632,500.00 Cost of goods sold $ 1,281,000.00 $ 1,140,000.00 Intangible Assets $ 15,000.00 $ 17,500.00 Gross profit $ 816,000.00 $ 697,000.00 Total Assets $ 1,835,000.00 $ 1,595,000.00 Selling expenses $ 253,000.00 $ 211,500.00 Administrative expenses $ 104,000.00 $ 108,500.00 Liabilites Total Operating Expenses $ 357,000.00 $ 320,000.00 Current liabilities $ 344,500.00 $ 303,000.00 Income from operations $ 459,000.00 $ 377,000.00 Long-term liabilities $ 487,500.00 $ 497,000.00 Other revenues and gains Total Liabilities $ 832,000.00 $ 800,000.00 Interest and dividends $ 9,000.00 $ 11,000.00 Other expenses and losses Stockholders' Equity Interest expense $ 36,000.00 $ 40,500.00 Common stock, $1 par $ 275,400.00 $ 270,000.00 Income before income taxes $ 432,000.00 $ 347,500.00 Retained Earnings $ 727,600.00 $ 525,000.00 Income tax expense $ 168,200.00 $ 139,000.00 Total Stockholders' Equity $ 1,003,000.00 $ 795,000.00 Net Income $ 263,800.00 $ 208,500.00 Total Liabilities and Owner's Equity $ 1,835,000.00 $ 1,595,000.00

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.1E

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FINANCIAL STATEMENT ANALYSIS
FINANCIAL INFORMATION
*USE THE DATA BELOW FOR THE CREATION OF HORIZONTAL AND VERTICAL ANALYSIS ONLY

GILAS PILIPINAS STORE INC.			GILAS PILIPINAS STORE INC.
Statement of Comprehensive Income			Statement of Comprehensive Income
For The Year Ended December 31, 2018 and 2019			For The Year Ended December 31, 2018 and 2019
	2019	2018			2019	2018
Sales	$ 2,195,000.00	$ 1,960,000.00		Assets
Sales returns and allowances	$ 98,000.00	$ 123,000.00		Current Assets	$ 1,020,000.00	$ 945,000.00
Net Sales	$ 2,097,000.00	$ 1,837,000.00		Plant assets (net)	$ 800,000.00	$ 632,500.00
Cost of goods sold	$ 1,281,000.00	$ 1,140,000.00		Intangible Assets	$ 15,000.00	$ 17,500.00
Gross profit	$ 816,000.00	$ 697,000.00		Total Assets	$ 1,835,000.00	$ 1,595,000.00
Selling expenses	$ 253,000.00	$ 211,500.00
Administrative expenses	$ 104,000.00	$ 108,500.00		Liabilites
Total Operating Expenses	$ 357,000.00	$ 320,000.00		Current liabilities	$ 344,500.00	$ 303,000.00
Income from operations	$ 459,000.00	$ 377,000.00		Long-term liabilities	$ 487,500.00	$ 497,000.00
Other revenues and gains				Total Liabilities	$ 832,000.00	$ 800,000.00
Interest and dividends	$ 9,000.00	$ 11,000.00
Other expenses and losses				Stockholders' Equity
Interest expense	$ 36,000.00	$ 40,500.00		Common stock, $1 par	$ 275,400.00	$ 270,000.00
Income before income taxes	$ 432,000.00	$ 347,500.00		Retained Earnings	$ 727,600.00	$ 525,000.00
Income tax expense	$ 168,200.00	$ 139,000.00		Total Stockholders' Equity	$ 1,003,000.00	$ 795,000.00
Net Income	$ 263,800.00	$ 208,500.00		Total Liabilities and Owner's Equity	$ 1,835,000.00	$ 1,595,000.00

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