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Instruction: (Horizontal Analysis) Present an interpretation and conclusions about the result of "Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos)" computations and analysis. *refer to the pic*

Instruction: (Horizontal Analysis) Present an interpretation and conclusions about the result of "Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos)" computations and analysis. *refer to the pic*

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Instruction: (Horizontal Analysis) Present an interpretation and conclusions about the result of "Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos)" computations and analysis.

*refer to the pic* 

 

Assets Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos) Current Assets Cash and Cash Equivalent Held for Trading Trade and Other Receivables Inventory Total Current Assets Non current Assets Property, Plant and Equipment Investment in Equity Securities Total Non Current Assets TOTAL ASSET Liabilities and Shareholders' Equity Current Liabilities Trade and other payables Unearned revenues Notes Payable current Total Current Liabilities Non current Liabilities Notes Payable non current TOTAL LIABILITIES Shareholders' Equity Ordinary Shares, P 100 par Premium On Ordinary Shares Total paid in capital Retained Earnings TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 2015 24,890 10,000 16,000 8,960 59,850 8,400 10,600 900 19,900 73,550 93,450 80,000 16,000 96,000 150,000 16,000 166,000 181,280 225,850 200,000 36,400 132,400 2014 225,850 2,120 6,000 10,600 18,720 161,280 20,000 3,350 11,650 600 15,600 100,000 115,600 60,000 10,000 70,000 14,400 84,400 200,000 Increase (Decrease) Amount Percent 22,770 10,000 10,000 1,640 41,130 11,280 4,000 15,280 25,850 5,050 1,050 300 4,300 26,450 22,150 20,000 6,000 26,000 22,000 48,000 25,850 1074% 100% 167% 15% 220% 7% 20% 8% 12.93% 151% 9% 50% 28% 26% -19% 33% 60% 37% 153% 57% 13%
Transcribed Image Text:Assets Riel Corporation Comparative Statements of Financial Position December 31, 2015 (in Thousand pesos) Current Assets Cash and Cash Equivalent Held for Trading Trade and Other Receivables Inventory Total Current Assets Non current Assets Property, Plant and Equipment Investment in Equity Securities Total Non Current Assets TOTAL ASSET Liabilities and Shareholders' Equity Current Liabilities Trade and other payables Unearned revenues Notes Payable current Total Current Liabilities Non current Liabilities Notes Payable non current TOTAL LIABILITIES Shareholders' Equity Ordinary Shares, P 100 par Premium On Ordinary Shares Total paid in capital Retained Earnings TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 2015 24,890 10,000 16,000 8,960 59,850 8,400 10,600 900 19,900 73,550 93,450 80,000 16,000 96,000 150,000 16,000 166,000 181,280 225,850 200,000 36,400 132,400 2014 225,850 2,120 6,000 10,600 18,720 161,280 20,000 3,350 11,650 600 15,600 100,000 115,600 60,000 10,000 70,000 14,400 84,400 200,000 Increase (Decrease) Amount Percent 22,770 10,000 10,000 1,640 41,130 11,280 4,000 15,280 25,850 5,050 1,050 300 4,300 26,450 22,150 20,000 6,000 26,000 22,000 48,000 25,850 1074% 100% 167% 15% 220% 7% 20% 8% 12.93% 151% 9% 50% 28% 26% -19% 33% 60% 37% 153% 57% 13%
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