Instruction: Supply what is being asked. Write the answers on your answer sheet.

Current Assets Current Liabilities

Year A P 100,000 Year A P 50,000

Year B 130,000 Year B 20,000

1. The amount of increase (decrease) in the Current Assets is __________.
2. The percent of increase (decrease) in the Current Assets is ___________.
3. The amount of increase (decrease) in the Current Liabilities is _______.
4. The percent of increase (decrease) in the Current Liabilities is _______.

B. Make a vertical analysis. Write the answers on your answer sheet.

Sales P 73,000 __________

Less: Sales Returns & Allowances 3,000 __________

Net Sales P 70,000 __________

Less: Cost of Sales 55,000 __________

Gross Profit P 15,000 __________

Less: Operating Expense 12,000 __________

Profit P 3,000 __________