Name: Jasmin L. Gamboa
Grade and Section: ABM 12 – A
Date: December 13, 2021
Subject: FABM2
FABM2 Q2 LAS 1 - PERFORMANCE TASK 1:
Good job! Computation seems easy. Let’s try to analyze the details of the computation. Refer to
your table of Limay Store and answer the following questions.
Horizontal Analysis
1. Compare the total assets of 2018 and 2019. Is there an increase or decrease? Explain
the result of the increase or decrease in amount.
-
In the Statement of Financial Position of Limay Store, the total assets
increased with the percented of 25%. The Total Assets of 2018 which is Php
2,272.4 increased Php 558.5, so the Total Assets of 2019 is Php 2,830.9.
2. Compare the total liabilities of 2018 and 2019. Is there an increase or decrease? Explain
the result of the increase or decrease in amount.
-
The total liabilities of Limay Store decreased with the percentage of -1%. The
2018 Total Liabilities is Php 1,428.4 and it decreased in their 2019 total
liabilities with the amount of -8.9, so their 2019 total liabilities is Php 1,419.5.
3. Compare net income of 2018 and 2019. Is there an increase or decrease? Explain the
result of the increase or decrease in amount.
-
The Net income of Limay Store increased with the percentage of 60%.
Their 2018 Net income is Php 1,054.1 then it increased with the amount
of Php 627.6, so their 2019 Net Income is Php 1,681.7.
Vertical Analysis
1. Of the 2019 total assets, how much percentage is classified as current? Noncurrent?
Explain your analysis.
-
The percentage of current Liabilities in 2019Total Assets of Limay Store is 16%
while the percentage of Non – Current in 2019 is 34%. The Non – current is
more higher that the current Liabilities of the Assets of 2019 in Limay Store.
2. Of the 2019 total liabilities and owner’s equity, how much percentage are liabilities?
Owner’s equity? Explain your analysis.
-
The Total Liabilities’ Percentage in 2019 is 50% the same as the percentage of
Owner’s Equity which is 50%. The Total Liabilities and Owner’s Equity has the
same percentage which leads them with 100% on Total Liabilities and Owner’s
Equity.
3. Of the 2019 net sales, how much percentage is taken up by the cost of goods sold?
Explain your analysis.
-
The Net Sales has 100% in their 2019 and the Cost of Good Sold taken
up with 39% which increased from their 2018 Cost of Good Sold.