Question: Compute for the peso and percentage changes using the comparative statement of financial position below. ABC Corporation Comparative Statement of Financial Position For the Year

Compute for the peso and percentage changes using the comparative statement of financial position below. ABC Corporation Comparative Statement of Financial Position For the Year Ended 201B and 201A (in pesos) Horizontal Analysis 201B 201A Peso Change Cash and Cash Equivalents Receivables Inventories Prepaid Expenses Total Current Assets Noncurrent Assets Total Assets Current Liabilities Long-Term Liabilities Common Stock Total Lia fies and Equity 2,450 356 Percentage Change 17.00% 1,813 1,324 7.208 18,500 25,796 7,230 4,798 6,568 7,200 25,796 2,120 6885 15,737 22,622 8,467 3,792 4,363 6,000 22,622

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