Horizontal analysis for LBC Express financial statements. Explain and discuss.

Annual For the fiscal year ended : Dec 31, 2020 Currency(and units, if applicable) : PHP . Balance Sheet Item Current Year Previous Year Current Assets 9,255,980,993 7,883,732,608 Total Assets 15,661,678,159 14,093,685,359 Current Liabilities 6,077,675,750 4,942,499,617 Total Liabilities 12,690,569,412 10,825,571,654 Retained Earnings/(Deficit) 1,536,482, 182 1,621,371,760 Stockholders' Equity 2,971, 108,747 3,268, 113,705 Stockholders' Equity - Parent 2,958,283,836 3,240,914,837 Book Value Per Share 2.08 2.29 Income Statement Item Current Year Previous Year Gross Revenue 14, 117,067,433 15,209,955,603 Gross Expense 13,326,577,138 13,929,769,644 Income/(Loss) Before Tax 387,672,212 835,842,577 Net Income/(Loss) After Tax 201,215,610 475,820, 178 Net Income/(Loss) Attributable to Parent 200,283,516 494,574,503 Earnings/(Loss) Per Share (Basic) 0.14 0.35 Activate Wind Earnings/(Loss) Per Share (Diluted) 0.14 Go to Settings to a