PRACTICE > Compute the missing items in the following. Show your complete solutions at the back of this paper or in a separate sheet of paper. Horizontal Analysis Increase/Decrease Percentage Peso...

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Extracted text: PRACTICE > Compute the missing items in the following. Show your complete solutions at the back of this paper or in a separate sheet of paper. Horizontal Analysis Increase/Decrease Percentage Peso Change P1,600 Account Previous Year Current Year P80,000 Sales Cost of Sales (1%) P47,520 Gross Profit P2,080 Operating Expenses Net Operating Profit Interest Expense Net Profit P20,000 P20,880 (P2000) (100%) P20,880