A BC What's More Independent Activity 1 Direction: Analyze the Statement of Financial Position and Statement of Comprehensive Income of XYZ Company below using vertical and horizontal analysis. Write your solution in a separate sheet of paper. Consider the rubrics below in the evaluation of your work. Rubrics: Ability to conceptualize 1-5 Substance and organization of discussion 1-5 Maximum Points 10 Scoring Rubrics: Ability to conceptualize Depth of discussion 1 Provides non-concrete and non- Provides very non-substantial relevant concepts information only 2 Provides concrete but non- Provides non-substantial and non- relevant concepts organized information 3 Provides concrete but partially Provides substantial but not relevant concepts organized information 4 Provides concrete and relevant Provides substantial and organized concepts information 5 Provides more concrete and more 5 Provides very substantial and very relevant concepts organized information 1 2 3 4 4 5 XYZ Company Statement of Financial Position As of December 31, 2019 ASSETS 2018 Cash P 130,000 Accounts Receivable 14,000 Merchandise Inventory 31,000 Prepaid Rent 8,000 Service Vehicle 42.000 TOTAL ASSETS P 225,000 2019 P 165,000 10,000 35,000 4,000 38,000 P 252,000 LIABILITIES Accounts Payable Notes Payable TOTAL LIABILITIES 35,000 40,000 30,000 32,000 EQUITY Owner's Capital 150,000 190,000 TOTAL LIABILITIES AND EQUITY P 225,000 P 252,000 XYZ Company Statement of Comprehensive Income For the Period Ended December 31, 2019 2018 2019 Sales P 351,000 P 416,000 Cost of Goods Sold 90,500 110,000 260,500 306,000 GROSS PROFIT Operating Expenses NET PROFIT 145,000 P 115,50 161,000 P 145,000 Independent Activity 2 Direction: Based from the analyzed financial statements in Activity 1, discuss the significance of knowing the information about the financial condition and results of operations of XYZ company. Write your answer in a separate sheet of paper. Consider the rubrics in Independent Activity #1 in the evaluation of your work. Independent Activity 3 Direction: Using any symbol or picture, describe the following terms and provide a brief explanation of each. Write your answer in a separate sheet of paper. Consider the rubrics in Independent Activity #1 in the evaluation of your work. Financial statement analysis 2. Vertical analysis Horizontal analysis 1. 3. A BC What's More Independent Activity 1 Direction: Analyze the Statement of Financial Position and Statement of Comprehensive Income of XYZ Company below using vertical and horizontal analysis. Write your solution in a separate sheet of paper. Consider the rubrics below in the evaluation of your work. Rubrics: Ability to conceptualize 1-5 Substance and organization of discussion 1-5 Maximum Points 10 Scoring Rubrics: Ability to conceptualize Depth of discussion 1 Provides non-concrete and non- Provides very non-substantial relevant concepts information only 2 Provides concrete but non- Provides non-substantial and non- relevant concepts organized information 3 Provides concrete but partially Provides substantial but not relevant concepts organized information 4 Provides concrete and relevant Provides substantial and organized concepts information 5 Provides more concrete and more 5 Provides very substantial and very relevant concepts organized information 1 2 3 4 4 5 XYZ Company Statement of Financial Position As of December 31, 2019 ASSETS 2018 Cash P 130,000 Accounts Receivable 14,000 Merchandise Inventory 31,000 Prepaid Rent 8,000 Service Vehicle 42.000 TOTAL ASSETS P 225,000 2019 P 165,000 10,000 35,000 4,000 38,000 P 252,000 LIABILITIES Accounts Payable Notes Payable TOTAL LIABILITIES 35,000 40,000 30,000 32,000 EQUITY Owner's Capital 150,000 190,000 TOTAL LIABILITIES AND EQUITY P 225,000 P 252,000 XYZ Company Statement of Comprehensive Income For the Period Ended December 31, 2019 2018 2019 Sales P 351,000 P 416,000 Cost of Goods Sold 90,500 110,000 260,500 306,000 GROSS PROFIT Operating Expenses NET PROFIT 145,000 P 115,50 161,000 P 145,000 Independent Activity 2 Direction: Based from the analyzed financial statements in Activity 1, discuss the significance of knowing the information about the financial condition and results of operations of XYZ company. Write your answer in a separate sheet of paper. Consider the rubrics in Independent Activity #1 in the evaluation of your work. Independent Activity 3 Direction: Using any symbol or picture, describe the following terms and provide a brief explanation of each. Write your answer in a separate sheet of paper. Consider the rubrics in Independent Activity #1 in the evaluation of your work. Financial statement analysis 2. Vertical analysis Horizontal analysis 1. 3