Question
Good day dear tutor, please answer all the requirements , I deeply appreciat it thank you so much! Financial mix ratios. The data given below
Good day dear tutor, please answer all the requirements , I deeply appreciat it thank you so much!
Financial mix ratios. The data given below were obtained from the financial records of Menace V. Corporation for the year ended December 31, 2012.
Menace V. Corporation | |
Statement of Financial Position | |
December 31, 2012 | |
(000s omitted) | |
ASSETS | |
Cash | P 85,000 |
Marketable Securities, net | 25,000 |
Trade receivables, net | 245,000 |
Inventory, at cost | 220,000 |
Prepaid expenses | 10,000 |
Equipment, net | 320,000 |
Other assets | 15,000 |
Total Assets | P 920,000 |
EQUITIES | |
Trade payables | P 165,000 |
Accrued Expenses | 25,000 |
Other current liabilities | 10,000 |
Mortgage payable | 120,000 |
Share Capital, 100 par | 300,000 |
Share Premium | 30,000 |
Retained earnings - appropriated | 80,000 |
Retained earnings - unappropriated | 190,000 |
Total equities | P 920,000 |
Menace V. Corporation | |
Income Statement | |
Year Ended December 31, 2012 | |
(000s omitted) | |
Net sales | P 1,000,000 |
Cost of goods sold: | |
Inventory, December 31, 2011 | P 250,000 |
Purchases | 720,000 |
Inventory, December 31, 2012 | (220,000) 750,000 |
Gross profit | 250,000 |
Selling, administrative and other expenses | 125,000 |
Income before taxes | 125,000 |
Provision for income taxes | 35,000 |
Net income for the year | 90,000 |
Retained earnings, beginning | 130,000 |
Total | 220,000 |
Dividends paid | 30,000 |
Retained earnings, end | P 190,000 |
Required: 1. Net working capital. 2. Current ratio. 3. Acid-test ratio. 4. Accounts receivable turnover and average collection period. 5. Inventory turnover and average days to sell inventory. 6. Gross profit rate on sales. 7. Book value per ordinary share. 8. Rate of return on sales. 9. Earnings per share. 10.Rate of return on invested capital. 11.Debt-to-equity ratio. 12.Debt ratio.
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1 Net working capital Net working capital Current assets Current liabilities P 920000 P 215000 P 705...Get Instant Access to Expert-Tailored Solutions
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