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    Business Finance

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    Cezanne Pi-ay Eckman
    CCE Clothing Line saw an increase in total assets of 112.2% from 2016 to 2017 due to a 235.6% rise in property, plant and equipment. Total liabilities increased 138.1% because of a 383.9% jump in loan payables. While net sales were up 27.3% and gross profit increased 30.2%, net income declined 7.3% from 2016 due to a 198% increase in interest expenses.

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    Business Finance

    Uploaded by

    Cezanne Pi-ay Eckman
    15 views3 pages
    CCE Clothing Line saw an increase in total assets of 112.2% from 2016 to 2017 due to a 235.6% rise in property, plant and equipment. Total liabilities increased 138.1% because of a 383.9% jump in loan payables. While net sales were up 27.3% and gross profit increased 30.2%, net income declined 7.3% from 2016 due to a 198% increase in interest expenses.

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    Business Finance Horizontal Analysis

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    CCE Clothing Line saw an increase in total assets of 112.2% from 2016 to 2017 due to a 235.6% rise in property, plant and equipment. Total liabilities increased 138.1% because of a 383.9% jump in loan payables. While net sales were up 27.3% and gross profit increased 30.2%, net income declined 7.3% from 2016 due to a 198% increase in interest expenses.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    15 views3 pages

    Business Finance

    Uploaded by

    Cezanne Pi-ay Eckman
    CCE Clothing Line saw an increase in total assets of 112.2% from 2016 to 2017 due to a 235.6% rise in property, plant and equipment. Total liabilities increased 138.1% because of a 383.9% jump in loan payables. While net sales were up 27.3% and gross profit increased 30.2%, net income declined 7.3% from 2016 due to a 198% increase in interest expenses.

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    © All Rights Reserved
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    Download as doc, pdf, or txt
    of 3

    CCE CLOTHING LINE

    STATEMENT OF FINANCIAL POSITION

    AS OF DECEMBER 31

    [in millions]

    Assets 2017 2016 Increase (Decrease)

    Amount Percent

    Current Assets

    Cash P 222.9 P 330.2 P (107.3) (32.5)

    Accounts Receivable (net) 282.5 172.1 110.4 64.1

    Inventory 146.3 92.8 53.5 57.7

    Prepaid Expenses 74.1 70.3 3.8 5.4

    Total Current assets P 725.8 P 665.4 P 60.4 9.1

    Property, plant, and equipment (net) 1866.4 556.2 1310.2 235.6

    Total assets P 2592.2 P221.6 1370.6 112.2

    Liabilities and Owner's equity

    Current liabilities
    Trade and other payables P 551.9 P 620.6 P (68.7) (11.1)
    Non-current liabilities
    Loan payable 1822.4 376.6 1445.8 383.9
    Total Liabilities P 2374.3 P 997.2 P 1377.1 138.1
    Owner’s equity 217.9 224.4 ( 6.5) (2.9)
    Total liabilities and owner’s equity P 2592.2 P 221.6 P 1370.6 112.2
    CCE Clothing Line

    Income Statement

    For The Years Ended December 31


    (in millions)
    Increase (Decrease)

    2017 2016 Amount Percent


    Net Sales P2213.3 P1738.7 P474.6 27.3
    Cost of goods Sold 1032.1 831.8 299.3 24.1
    Gross Profit P1181.2 P 906.9 P274.3 30.2
    Selling and administrative Expenses 889.2 659.5 229.7 34.8
    Operating Income P 292.0 247.4 46.6 18.0
    Interest Expense 90.9 30.5 60.4 198.0
    Income Before Income Taxes P 201.1 216.9 (P15.8) (7.3)
    Income tax expense 60.3 65.0 (4.7) (7.2)
    Net income P 140.8 151.9 (P11.1) (7.3)
    Liabilities and Owner's equity

    Current liabilities
    Trade and other payables P 551.9 P 620.6 P (68.7) (11.1)
    Non-current liabilities
    Loan payable 1822.4 376.6 1445.8 383.9
    Total Liabilities P 2374.3 P 997.2 P 1377.1 138.1
    Owner’s equity 217.9 224.4 ( 6.5) (2.9)
    Total liabilities and owner’s equity P 2592.2 P 1221.6 P 1370.6 112.2

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