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    Problems On Financial Analysis-Finman 1

    Uploaded by

    Angela Mae Balanon Rafanan
    The document provides a balance sheet for Fairmart Corp for the years 2018 and 2019. It asks to compute the change in each account, identify if it is a source or use of cash, and trace where the change in cash came from. It also asks to do horizontal and vertical analysis of the accounts and interpret the results.

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    © All Rights Reserved
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    Problems On Financial Analysis-Finman 1

    Uploaded by

    Angela Mae Balanon Rafanan
    12 views1 page
    The document provides a balance sheet for Fairmart Corp for the years 2018 and 2019. It asks to compute the change in each account, identify if it is a source or use of cash, and trace where the change in cash came from. It also asks to do horizontal and vertical analysis of the accounts and interpret the results.

    Original Title

    PROBLEMS ON FINANCIAL ANALYSIS-FINMAN 1

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    The document provides a balance sheet for Fairmart Corp for the years 2018 and 2019. It asks to compute the change in each account, identify if it is a source or use of cash, and trace where the change in cash came from. It also asks to do horizontal and vertical analysis of the accounts and interpret the results.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    12 views1 page

    Problems On Financial Analysis-Finman 1

    Uploaded by

    Angela Mae Balanon Rafanan
    The document provides a balance sheet for Fairmart Corp for the years 2018 and 2019. It asks to compute the change in each account, identify if it is a source or use of cash, and trace where the change in cash came from. It also asks to do horizontal and vertical analysis of the accounts and interpret the results.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    PROBLEM 1:

    Based on the Fairmart Company Balance


    Sheet:
    1. Compute for the change in each account, identify if the change is USE or
    SOURCE of Cash. Trace where the change in CASH came from. Interpret
    the results.
    2. Using the horizontal Analysis, show the percentage change from 2018-
    2019. Interpret the results.
    3. Using the vertical analysis, show the percentages for each account for
    2018 and 2019. Interpret the results.
    Fairmart Corp
    Balance Sheet

    2019 2018
    ASSETS
    Cash ₱28,000 ₱13,000
    Accounts Receivable, net 18,000 14,000
    Prepaid Expenses 7,000 9,000
    Inventory 25,000 15,000
    Long-term Investments 0 18,000
    Equipment 60,000 30,000
    Accumulated Depreciation-Equipment (18,000.00) (14,000.00)
    Total Assets ₱120,000.00 ₱85,000.00

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Accounts Payable 25,000 7,000.00


    Bonds Payable 37,000 45,000
    Common Stock 40,000 23,000
    Retained Earnings 18,000 10,000
    Total Liabilities and stockholders’ equity ₱120,000.00 ₱85,000.00

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