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Activity Sheet 05.1

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Gian Gomez
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13 views

Activity Sheet 05.1

Uploaded by

Gian Gomez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Precision Company

Comparative Balance Sheet


December 31, 2020 & December 31, 2019

Peso
2020 2019 % Change
Change
Assets
Current Assets :
Cash 79,000.00 42,000.00 37, 000 88.10%
Short-term investments 65,000.00 96,000.00 -31,000 -32.29%
Accounts receivable 120,000.00 100,000.00 20,000 20%
Merchandise Inventory 250,000.00 265,000.00 -15,000 -5.56%

Total Current Assets 514,000.00 503,000.00 11,000 2.19%

Fixed Assets :
Store Equipment 400,000.00 350,000.00 50,000 14.29%
Office Equipment 45,000.00 50,000.00 5,000 -10%
Buildings 625,000.00 675,000.00 -5,000 -7.41%
Land 100,000.00 100,000.00 0 0%

Total Fixed Assets 1,170,000.00 1,175,000.00 5,000 -0.42%

Total Assets 1,684,000.00 1,678,000.00 6,000 0.36%


Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable 164,000.00 190,000.00 -26,000 -13.68%
Short-term Notes Payable 75,000.00 90,000.00 -15,000 -16.67%
Taxes Payable 26,000.00 12,000.00 14,000 116.67%

Total Current Liabilities 265,000.00 292,000.00 -27,000 -9.25%


Long-term Liabilities
Notes Payable 400,000.00 420,000.00 -20,000 -4.76%

Total Liabilities 665,000.00 712,000.00 -47,000 -6.60%

Stockholders' Equity
Common Stock P 5 par value 475,000.00 475,000.00 0 0%
Preferred Stock 100,000.00 100,000.00 0 0%
Retained Earnings 444,000.00 391,000.00 53,000 13.55%

Total Stockholders' Equity 1,019,000.00 966,000.00 53,000 5.49%

Total Liabilities & Stockholders' Equity 1,684,000.00 1,678,000.00 6,000 0.36%

Learning Module: Business Finance for Tourism & Hospitality Managers 61

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