Financial information for Sinead Inc. is presented below. December 31, 2013 December 31, 2012 Current assets P125,000 P100,000 Plant assets (net) 396,000 330,000 Current liabilities 91,000 70,000...


Financial information for Sinead Inc. is presented below.<br>December 31, 2013<br>December 31, 2012<br>Current assets<br>P125,000<br>P100,000<br>Plant assets (net)<br>396,000<br>330,000<br>Current liabilities<br>91,000<br>70,000<br>Long-term liabilities<br>Common stock, P1 par<br>133,000<br>95,000<br>161,000<br>115,000<br>Retained earnings<br>136,000<br>150,000<br>Instruction:<br>Prepare a schedule showing a horizontal analysis for 2013 using 2012 as the base year.<br>

Extracted text: Financial information for Sinead Inc. is presented below. December 31, 2013 December 31, 2012 Current assets P125,000 P100,000 Plant assets (net) 396,000 330,000 Current liabilities 91,000 70,000 Long-term liabilities Common stock, P1 par 133,000 95,000 161,000 115,000 Retained earnings 136,000 150,000 Instruction: Prepare a schedule showing a horizontal analysis for 2013 using 2012 as the base year.

Jun 02, 2022
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