PRACTICE > Compute the missing items in the following. Show your complete solutions at the back of this paper or in a separate sheet of paper. Horizontal Analysis Increase/Decrease Percentage Peso Change P1,600 Account Previous Year Current Year Sales P80,000 P47,520 (1%) Cost of Sales Gross Profit Operating Expenses Net Operating Profit Interest Expense P2,080 P20,000 P20,880 (P2000) (100%) Net Profit P20,880

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 9.2.2P
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PRACTICE
> Compute the missing items in the following. Show your complete solutions at the back of this paper
or in a separate sheet of paper.
Horizontal Analysis
Increase/Decrease
Percentage
Peso Change
P1,600
Account
Previous Year
Current Year
P80,000
Sales
Cost of Sales
(1%)
P47,520
Gross Profit
P2,080
Operating Expenses
Net Operating Profit
Interest Expense
Net Profit
P20,000
P20,880
(P2000)
(100%)
P20,880
Transcribed Image Text:PRACTICE > Compute the missing items in the following. Show your complete solutions at the back of this paper or in a separate sheet of paper. Horizontal Analysis Increase/Decrease Percentage Peso Change P1,600 Account Previous Year Current Year P80,000 Sales Cost of Sales (1%) P47,520 Gross Profit P2,080 Operating Expenses Net Operating Profit Interest Expense Net Profit P20,000 P20,880 (P2000) (100%) P20,880
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