The comparative condensed statements of financial position of Garcia SLU are presented below. Instructions a. Prepare a
Question:
The comparative condensed statements of financial position of Garcia SLU are presented below.
Instructions
a. Prepare a horizontal analysis of the statement of financial position data for Garcia using 2019 as a base.
b. Prepare a vertical analysis of the statement of financial position data for Garcia in columnar form for 2020.
Transcribed Image Text:
Garcia SLU Comparative Condensed Statements of Financial Position December 31 2020 2019 Assets € 24,000 € 40,000 Intangibles Property, plant, and equipment (net) 100,000 92,000 Current assets 76,000 82,000 Total assets €200,000 €214,000 Equity and liabilities Equity Non-current liabilities € 20,000 € 16,000 140,000 150,000 Current liabilities 40,000 48,000 Total equity and liabilities €200,000 €214,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (13 reviews)
a GARCIA SLU Condensed Statements of Financial Position December 31 2020 2019 Increase Decrease Perc...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
Question Posted:
Students also viewed these Business questions
-
The comparative condensed income statements of Hendi A.S. are shown below. Instructions a. Prepare a horizontal analysis of the income statement data for Hendi using 2019 as a base. (Show the amounts...
-
Rees Company experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following...
-
The following data are from the income statements of Charles A.S. a. Compute for each year (1) the inventory turnover and (2) the days in inventory. b. What conclusions concerning the management of...
-
The Carter Caterer Company must have the following number of clean napkins available at the beginning of each of the next four days: day 1, 1500; day 2, 1200; day 3, 1800; day 4, 600. After being...
-
Use a compass to make an accurate drawing of the wave fronts in a double-slit interference experiment similar to Fig. 25.18c. Place the slits 2.0 cm apart and let the wavelength of the incident wave...
-
Which hyperbolic functions have domains that are not all real numbers?
-
Consider the Gallo strategic decision. Describe how you would go about evaluating that decision.
-
At the end of its first year of operations on December 31, 2012, LAD Company?s accounts show the following. The capital balance represents each partner?s initial capital investment. Therefore, net...
-
Q2 If Z is a normal N (0, 1), then the X = tz; process is continuous and is marginally distributed as a normal N (0, t). Is X a Brownian motion?
-
A student performed two experiments to establish how effective manganese(iv) oxide was as a catalyst for the decomposition of hydrogen peroxide. The results below were obtained by carrying out these...
-
Operating data for Conard Limited are presented below. Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. 2020 2019 Net sales Cost of goods sold Selling expenses...
-
Bennis SA had the following transactions occur involving current assets and current liabilities during February 2020. Feb. 3 Accounts receivable of R$15,000 are collected. 7 Equipment is purchased...
-
Find each quotient. 2.8/0.56
-
Your company makes BBQ's from scratch - that is to say, you currently make all of the components for the BBQ's from their raw materials (sheet metal, paint, nuts & bolts, etc.) Component "A", of...
-
A newsvendor acquired 600 copies of a newspaper in the morning, sold 465 and disposed of the rest at the end of the day for a disposal fee. The costs of underage and overage are cu = $2.12 and co=...
-
Joe is one of four general partners in KFK Company, a partnership formed three years ago. The four partners share equally in all income and losses. Joe receives a $40,000 guaranteed payment each year...
-
Gary is one of four general partners in GSG Partnership. He receives his Schedule K-1 (Form1065) from GSG for the current tax year. It shows his share of items as follows: $6,000 ordinary business...
-
What characteristic of firm resources affects competitive dynamics, according to the VRIO framework? Explain
-
Telemetry technology is used to quantify kinematic values of a 200-kg roller coaster cart as it passes overhead. According to the system, r = 25 m, = - 10 m/s, = - 10 m/s, = -2 m/s2, ( = 90o, = -0.4...
-
The landing gear of an aircraft with: mass of 2000 kg the spring-mass-damper system Consider that the runway surface is y(t) = 0.2 cos 157.08t stiffness of the spring is 5 x 105 N/m. What is the...
-
Refer to Problem 195A and add the following requirement. Prepare a letter to the president of the company, Sue Tombert, describing the changes you made. Explain clearly why net income is different...
-
Refer to Problem 195A and add the following requirement. Prepare a letter to the president of the company, Sue Tombert, describing the changes you made. Explain clearly why net income is different...
-
Refer to Problem 195A and add the following requirement. Prepare a letter to the president of the company, Sue Tombert, describing the changes you made. Explain clearly why net income is different...
-
XYZ is a company based in Pune that offers financial courses to students. It has a system which has trading screens so people can learn using live markets. Its system and financial courses will be...
-
what ways do supranational organizations such as the World Trade Organization (WTO) shape and regulate the global economic landscape, and what are the implications for national sovereignty?
-
How do neoliberal economic policies intersect with globalization, and what impact do they have on global trade dynamics and income inequality?
Study smarter with the SolutionInn App