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Problem 9 (Horizontal and Vertical Analysis): The trend analysis of the assets of Bulacan Corporation for the year 2020 to 2021 (2020 being the base

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Problem 9 (Horizontal and Vertical Analysis): The trend analysis of the assets of Bulacan Corporation for the year 2020 to 2021 (2020 being the base year) follows: Cash 130% Receivables 180% Inventory 130% Property, Plant and Equipment 90% The common-size financial statement of the company showed that cash is 18% of total assets in 2020 and 19.5% in 2021 while inventory was 30% in 2020 and 32.5% in 2021. Total Current Assets is 60% and 70% of total assets in 2020 and 2021, respectively. Total Property, Plant and Equipment amounted to P400,000 in 2020. Required: 1. How much was the ending balance of total assets in 2021? 2. How much is the increase in total assets in 2021? 3. How much was the ending balance of Cash in 2021? 4. How much was the ending balance of Accounts Receivable in 2021

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