Problem 28 (Ratio Computation and Analysis) The following data are available for MNO Printing Co MNO Printing Co. Balance Sheet December 31, 20X2 and 20X1 (In thousands of peso) Assets Cash Accounts receivable Inventories Prepaid expenses Total current assets 20X1 P4,500 8,000 5,000 1,200 P18,700 25.000 P43,700 20x2 P3,000 13,000 6,500 1.000 P23,500 31,000 P54,500 Net plant and equipment Total assets Liabilities and shareholders'equity Accounts payable Notes payable Accrued payables Total current liabihtes P3,600 3,500 2.300 P9,400 500 P17,900 P25800 P4,500 3,700 2.000 P10,200 16.000 P26,200 P28,300 Long-term debt Total liabilities Total shareholders' equity P43.700 P54,500 Total liabilities and stockholders' equity Calculate the ratios below and make a comparative analysis with the Industry Average MNO Printing Co. Ratio Industry Average 2.5 times Current ratio

P43.700 P54,500 Total liabilities and stockholders' equity Calculate the ratios below and make a comparative analysis with the Industry Average MNO Printing Co._ Industry Average 2.5 times Ratio Current ratito 1.3 times Quick ratio 10.2 times Accounts receivable turnover Average colection period Inventory turnover Fixed Asset turnover Total asset tunover - 35.3 days 6.8 times 4.0 times 2.1 times 40.0 percent 66.7 percent 5.8 percent 5.0 percent 10.5 percent 17.5 percent Debt ratio Debt-equity ratio Times interest earned Net profit margin Return on investment Return on equity 3/ 3

Problem 28 (Ratio Computation and Analysis) The following data are available for MNO Printing Co MNO Printing Co. Balance Sheet December 31, 20X2 and 20X1 (In thousands of peso) Assets Cash Accounts receivable Inventories Prepaid expenses Total current assets Net plant and equipment Total assets 20X2 P3,000 13,000 6,500 1,000 P23,500 31,000 P54,500 20X1 P4,500 8,000 5,000 1.200 P18,700 25,000 P43.700 Liabilities and shareholders' equity Accounts payable Notes payable Accrued payables Total current liabilities Long-term debt Total liabilities Total shareholders' equity Total liabilities and stockholders' equity P4,500 3,700 2.000 P10,200 16.000 P26,200 P28.300 P54,500 P3,600 3,500 2.300 P9,400 8,500 P17,900 P25.800 P43.700 Calculate the ratios below and make a comparative analysis with the Industry Average MNO Printing Co. Ratio Current ratio Industry Average 2.5 times