Exercise 11.11 (Enab Company). Thanks!

TL10 The comparative statement of final 31 December is as follows: p PSKA Company Ltd Comparative statement of financial position as at 31 December 2015 4OR 2016 (RM) Cy d(RM) 218,000 318,500 200,000 Current assets 325,000 Non-current assets 33,250 35,000 Intangible assets 57,500 50,000 Current liabilities Long-term liabilities Ordinary shares Retained earnings 178,600 190,000 250,000 20 70,000 250,000 83,650 Required: Prepare the comparative statement of financial position as at 31 December 2015 and 2016 using the horizontal analysis method. Show the increment(s) or decrement(s) for each item in 2016 as compared with 2015. T11.11The comparative income statement of Enab Company Ltd for the year ended 31 December is as follows: Enab Company Ltd Comparative income statement for the year ended 31 December 2016 2015 (RM) (RM) Net sales 300,000 250,000 Less: Cost of goods sold 210,000 225,000 40.000 Gross profit Less: Operating expenses Net profit 75,000 22,000 28,600 18,000 46,400 f a company Required (a) Prepare a horizontal analysis for the income statement of Enab Company Ltd by using 2015 as the basis of comparison (show the increment and decrement amount for each item). (b) Prepare a vertical analysis for the income statement of Enab Company Ltd in a columnar format for the years ended 2015 and 2016. poration are 18 on, and why? ST11.12 Data relating to financial statements for Sana Ltd for the year ended 2016 is as follows: mpany Ltd asa RM eRM Assets RM Plants (Non-current assets) Liabilities Current liabilities 4750,000 19:14 e 125,000 December Notes payable 8%