Reflections

1.10 Statement of Changes in Farther's Equity Create a Statement of Changes in Partner's Equity for the fiscal year ended January at, poor based on the problem below BIG Merchandising is owned and managed by Mrs. Bing Go, During 2023, Mrs. Co invested Auditional cash investment of 325,060. Also, she incurred a net loss of P130,900. She alm withdrew P60,090 from BIG Merchandising for her personal use. Finally, her ending capital balance is P 970,000 as of December 31, 2023. How much is Mrs. Bing Go's beginning capital balance (January 1, 2023)? 11-20. Cash Flow Statement Create a Statement of Cash Flow for Learning is Fun Company for the year ended December 31, 2023. Withdrawals by the owners P 130,000 Receipts from customer 600,000 Payment to Supplier and Employees 350,000 Loan from the bank 1,000,000 Purchases of Property and Equipment 1,200,000 Beginning Cash Balance 50,000 PART II. ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENTS. 21-40. Directions/Instructions: Compute the financial ratio given below using the information from Ching's Financial statement. Write your answer in the box provided below. a) Current Ratio f.) Gross profit ratio b) Acid Test Ratio g.) Net profit ratio c) Working Capital h.) Operating ratio d) Debt ratio i.) Cash Ratio e) Equity ratio j.) Debt to equity ratio Ching Enterprises Statement of Financial Performance For the year ended December 31, 2023 Net Sales P 250,000 Less: Cost of Sales 150,000 Gross Profit 100,000 Less: Operating Expenses Selling Expense 30,000 Administrative Expense 12,000 42,000 Net Income P 58,000