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    ELIZABETH TAILORING MATERIAL STORE (Horizontal&Vertical)

    Uploaded by

    Ann Ghie Solayao Alpas
    The document presents the statement of financial position for Elizabeth Tailoring Material Store for 2020 and 2019. It shows that total assets increased by 7% from 2019 to 2020, with current assets increasing by 18.62% and non-current assets increasing by 4.26%. Total liabilities decreased slightly by 0.78% while owner's equity increased by 8.26% from 2019 to 2020.

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    ELIZABETH TAILORING MATERIAL STORE (Horizontal&Vertical)

    Uploaded by

    Ann Ghie Solayao Alpas
    371 views4 pages
    The document presents the statement of financial position for Elizabeth Tailoring Material Store for 2020 and 2019. It shows that total assets increased by 7% from 2019 to 2020, with current assets increasing by 18.62% and non-current assets increasing by 4.26%. Total liabilities decreased slightly by 0.78% while owner's equity increased by 8.26% from 2019 to 2020.

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    ELIZABETH TAILORING MATERIAL STORE(Horizontal&Vertical)

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    The document presents the statement of financial position for Elizabeth Tailoring Material Store for 2020 and 2019. It shows that total assets increased by 7% from 2019 to 2020, with current assets increasing by 18.62% and non-current assets increasing by 4.26%. Total liabilities decreased slightly by 0.78% while owner's equity increased by 8.26% from 2019 to 2020.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    371 views4 pages

    ELIZABETH TAILORING MATERIAL STORE (Horizontal&Vertical)

    Uploaded by

    Ann Ghie Solayao Alpas
    The document presents the statement of financial position for Elizabeth Tailoring Material Store for 2020 and 2019. It shows that total assets increased by 7% from 2019 to 2020, with current assets increasing by 18.62% and non-current assets increasing by 4.26%. Total liabilities decreased slightly by 0.78% while owner's equity increased by 8.26% from 2019 to 2020.

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    © All Rights Reserved
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    ELIZABETH TAILORING MATERIAL STORE

    Statement of Financial Position


    (Horizontal Analysis)

    2020 2019 Increase %


    ASSETS (Decrease)
    Current Assets
    Cash 1,281,600 850,000 431,600 50.78
    Trading Securities 880,000 420,000 460,000 109.52
    Accounts Receivable, 670,000 750,000 (80,000) (10.67)
    net
    Merchandise Inventory 950,000 1,200,000 (250,000) (20.83)
    Prepaid Expense 370,000 280,000 90,000 32.14
    Total Current Assets 4,151,600 3,500,000 651,600 18.62

    Non-current Assets
    Land 8,000,000 8,000,000 0.00 0.00
    Building, net 6,000,000 5,500,000 500,000 9.09
    Equipment, net 950,000 800,000 150,000 18.75
    Furniture and fixtures 480,000 500,000 (20,000) (4)
    Total non-current Assets 15,430,000 14,800,000 630,000 4.26
    TOTAL ASSETS 19,581,600 18,300,000 1,281,600 7.00

    LIABILITIES AND
    OWNER`S EQUITY
    Liabilities
    Current Liabilities
    Accounts Payable 630,000 600,000 30,000 5
    Notes Payable, trade 400,000 500,000 (100,000) (20)
    Accrued expenses 300,000 250,000 50,000 20
    Total current Liabilities 1,330,000 1,350,000 (20,000) (1.48)
    Non-current liabilities
    Loans payable 1,200,000 1,200,000 0.00 0.00
    Total Liabilities 2,530,000 2,550,000 (20,000) (0.78)
    Owner`s Equity
    Tailoring, Capital 17,051,600 15,750,000 1,301,600 8.26
    TOTAL LIABILITIES & 19,581,600 18,300,000 1,281,600 7.00
    OWNER`S EQUITY
    ELIZABETH TAILORING MATERIAL STORE
    Statement of Financial Position
    (Vertical Analysis)

    2020 % 2019 %
    ASSETS
    Current Assets
    Cash 1,281,600 6.54 850,000 4.64
    Trading Securities 880,000 4.49 420,000 2.30
    Accounts Receivable, net 670,000 3.42 750,000 4.10
    Merchandise Inventory 950,000 4.85 1,200,000 6.56
    Prepaid Expense 370,000 1.89 280,000 1.53
    Total Current Assets 4,151,600 21.20 3,500,000 19.13

    Non-current Assets
    Land 8,000,000 40.85 8,000,000 43.72
    Building, net 6,000,000 30.64 5,500,000 30.05
    Equipment, net 950,000 4.85 800,000 4.37
    Furniture and fixtures 480,000 2.45 500,000 2.73
    Total non-current Assets 15,430,000 78.80 14,800,000 80.87
    TOTAL ASSETS 19,581,600 100 18,300,000 100

    LIABILITIES AND OWNER`S


    EQUITY
    Liabilities
    Current Liabilities
    Accounts Payable 630,000 3.22 600,000 3.28
    Notes Payable, trade 400,000 2.04 500,000 2.73
    Accrued expenses 300,000 1.53 250,000 1.37
    Total current Liabilities 1,330,000 6.79 1,350,000 3.38
    Non-current liabilities
    Loans payable 1,200,000 6.12 1,200,000 6.56
    Total Liabilities 2,530,000 12.92 2,550,000 13.93
    Owner`s Equity
    Tailoring, Capital 17,051,600 87.08 15,750,000 86.07
    TOTAL LIABILITIES & 19,581,600 100 18,300,000 100
    OWNER`S EQUITY

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