Question: please help me to solve this problem ! Thankyou ! EXERCISE 15.1 Financial information for Gallup SA is presented below. December 31, 2020 December 31,

 please help me to solve this problem ! Thankyou ! EXERCISE15.1 Financial information for Gallup SA is presented below. December 31, 2020

please help me to solve this problem ! Thankyou !

December 31, 2019 Plant assets net 396,000 320,000 Current assets 128,000 110,000Share Capital -- ordinary, El par 159,000 115,000 Retained earnings 135,300 150,000Non-current liabilities 138,700 95,000 Current liabilities 91,000 70,000 Instructions Prepare a schedule

EXERCISE 15.1 Financial information for Gallup SA is presented below. December 31, 2020 December 31, 2019 Plant assets net 396,000 320,000 Current assets 128,000 110,000 Share Capital -- ordinary, El par 159,000 115,000 Retained earnings 135,300 150,000 Non-current liabilities 138,700 95,000 Current liabilities 91,000 70,000 Instructions Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base year. Solution GALLUP SA Condensed Statements of Financial Position December 31 Increase or (Decrease) 2020 2019 Amount Percentage Assets Plant assets (net) (320,000 Current assets 110,000 Total assets 6430,000 Equity Share capital- ordinary, El par E 115,000 Retained earnings 150,000 Total equity 265,000 Liabilities Non-current liabilities 95,000 Current liabilities 70,000 Total liabilities 165,000 Total equity and liabilities E430,000EXERCISE 15.3 The comparative condensed statements of financial position of Garcia SLU are presented below GARCIA SLU Condensed Statements of Financial Position December 31 2020 2019 Assets Intangibles PPT & E (net) E 24,000 6 40,000 Current assets 100.000 92,000 Total assets 76,000 82,000 E200,000 6214,000 Equity and liabilities Equity Non-current liabilities E 20.000 E 16,000 Current liabilities 140,000 150,000 Total equity and liabilities 40.000 48.000 E200.000 6214,000 Instructions a. Prepare a horizontal analysis of the statement of financial position data for Garcia using 2019 as a base b. Prepare a vertical analysis of the statement of financial position data for Garcia in columnar form for 2020 (a) solution GARCIA SLU Condensed Statements of Financial Position December 31 Percentage Increase Change 2020 2019 (Decrease) from 2019 Assets Intangibles PPT & E (net) Current assets E 24,000 E 40.090 Total assets 100,000 92,000 76,000 82,000 E200,000 6214.000 Equity and liabilities Equity 6 20,000 E 16.000 Non-current liabilities 140,000 50,000 Current liabilities 40,000 48.000 Total equity and liabilities E200,000 (214.000 (b) Solution GARCIA SLU Condensed Statements of Financial Position December 31, 2020 Amount Percent Assets Intangibles E 24,000 Property, plant, and equipment (net) 100,000 Current assets 76.000 Total assets (200,000 Equity and liabilities Equity E 20,000 140,000 Non-current liabilities 40,000 Current liabilities (200,000 Total equity and liabilitiesEXERCISE 15.2 Operating data for Conard Limited are presented below, 2020 2019 Net sales $750,000 $600,000 Cost of good sold 480,000 408,000 Selling Expenses 105,000 84,000 Administrative expenses 75,000 54,000 Income tax expense 36,000 18,000 Net Income 54,000 36,000 Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019 Solutions CONARD LIMITED Condensed Income Statements For the Years Ended December 31 2020 2019 AmounPercent AmountPercent Net sales E600,9001 00.0% Cost of goods sold 408.000 Gross profit 192,000 Selling expenses 84,000 Administrative expenses 54,000 Total operating expenses 138,000 Income before income taxes 54,000 Income tax expense 18,000 Net income E 36,000

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