Horizontal Analysis (Income Statement)

2020 2021 Increase/Decrease Percent

Net Sales P 5,364,000 7,245,125 1,881,125 35.00%
Cost of Goods Sold 2,939,760 3,970,358 1,030,598 35.00%
Gross Profit 2,424,240 3, 274,767 850,527 35.00%
Operating Profit 212 208 249,708 37,500 18.00%
Administrative Expenses 25,000 30,000 5,000 20.00%
Selling Expense 95,000 132,500 37,500 39.00%
Other Expenses 40,000 50,000 10,000 25.00%
Net Income Before Tax 2,052,032 2,812,559 760,527 37.00%
Income Tax 615,609 843,767 228,158 37.00%
Net Income 1,968,792 3,792,196 1,823,404 92.62%
 Horizontal Analysis (Balance Sheet)
2020 2021
Assets
Cash 4,070,000 2,801,172
Accounts Receivable 200,000 250,000
Inventory 100,000 100,000
Office Supplies 25,000 30,000
Land 1,750,000 1,750,000
Building 1,355,000 1,340,000
Machinery 420,000 390,000
Equipment 70,000 60,000
Furniture and Fixtures 92,560 80,120
Vehicle 790,000 780,000

Total Assets ₱ 8,373,423 ₱ 7,581,292

Liabilities

Stockholder's Equity
Capital 7,500,000 7,500,000
Retained Earnings 1,373,423 1,881,292
Dividends 0 1,800,000
Total Liabilities and Owner's Equity ₱ 8,373,423 ₱ 7,581,292
t)
Increase/Decrease Percent

-2,394,172 58.82%
50,000 25%
0
5,000 20%
0
-10,000 3.70%
-30,000 7.14%
-10,000 -14.28%
-13.44%
-25,000 -3.23%

-792,131 10.71%

0
507,869 10.71%
1,800,000
821,084 10.71%