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Below are the comparative Statement of Comprehensive Income and Statement of Financial Position of ELEN Company and Melanie Company: Net Sales Cost of Goods
Below are the comparative Statement of Comprehensive Income and Statement of Financial Position of ELEN Company and Melanie Company: Net Sales Cost of Goods Sold Selling Expenses General and Adminsitrative Expenses Interest expense Net Income Elen Company Statement of Comprehensive Income 2014 2013 Melanie Company Statement of Comprehensive Income 2014 2013 3,407,921.00 745,883.60 2,377,078.00 530,200.00 665,005.00 119,900.00 19,756.00 226,182.00 173,800.00 14,630.00 4,954.40 22,299.20 Elen Company Statement of Financial of Financial Melanie Company Statement of Financial of Financial Position Position 2014 2013 2014 2013 Current Assets Equipment, net Total Assets 1,146,882.00 717,145.00 P 1,864,027.00 P 687,302.00 P 183,339.20 P 174,827.40 1,100,000.00 307,401.60 276,786.40 1,787,302.00 P 490,740.80 P 451,613.80 Current Liabilities 143,715.00 P 166,793.00 P 77,765.60 P 66,618.20 Long-term liabilities Owner's Capital Total Liabilities and Owner's Capital P 238,700.00 1,481,612.00 1,864,027.00 P 198,000.00 1,422,509.00 1,787,302.00 P 65,164.00 55,000.00 347,811.20 329,995.60 490,740.80 P 451,613.80 Required: 1. Perform horizontal analysis on SFP of Elen and Melanie for 20L4 using 20L3 as base year. 2. Perform vertical analysis for 20L4 and 20L3 Elen and Melanie Financial Statements.
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