1. Ethics in Financial reporting is a responsibility of the organization and themanagers, given the ethical principles of trust and transparency, describe howcan you as a manager be able to uphold these two in your practice.2. Income Statements are profit and losses, given the table, describe theimplication of the income statement of the hospitalIncome StatementPhp 5,600,000Php 3,500,000PhpPhp 2,170,000RevenuesExpensesCash on Hand70,000Profit3. The Owner's Equity in the table suggests the status of the company, describewhat does it mean and what implications can you derive from itOwner's EquityOwner's CapitalPhp 4,900,000Php 2,100,000AdditionalInvestmentWithdrawalsPhp 1,500,000Php 5,500,000Ending Capital4. The Balance Sheet of Company Z shows the following, what can you derive fromthe financial health of the company?Current AssetCurrent LiabilitiesPhp 5,600,000Php 3,500,000PhpInventoryCreditorsPhp 4,900,000DebtorsBank LoanPhp 2,100,00070,000Php 9,170,000CashPhp 7,000,000Using the data from the above, Current Ratio of the Company is computed at 1.31.5. What are some of the implications of this to you as the Manager in relation tosome of your future projects/programs?6. What proposals can you suggest in order to improve further the liquidity of theCompany within your department?The Debt to Asset Ratio is computed as 0.763.7. What are some of the implications of this to the Company? 9:39 Xil .l KB/S0.37188. Using the table below, on the Current Assets of two Diagnostic Companya. Which Company is operating efficiently and on what basis?b. What are some of the implications if you are the Dean of College X and College Y?What can be proposed to improve Net Sales of both CollegesCurrent Asset ofCurrent Asset ofCompany XPhp 5,600,000Beginning AssetEnding AssetAverage TotalCompany YPhp 4,500,000Php 7,000,050Php 5,750,025Php 6,500,000Php 6,050,000AssetsPhp 4,500,6250.78Net SalesPhp 3,170,000Asset Turnover0.52Ratio9. A proposal for expansion in a Diagnostic Center was provided to theManagement, assuming that the Net Cash Inflow of 12 Million (after 6% taxes) isforecasted as 6.3 Million per annum for 2 years of an expansiona. What should be your initial decision about the proposal?b. What is the payback period given the forecasted net cash inflow of 6.3 M perannum?End

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1. Ethics in Financial reporting is a responsibility of the organization and the managers, given the ethical principles of trust and transparency, describe how can you as a manager be able to uphold these two in your practice.

1. Ethics in Financial reporting is a responsibility of the organization and the managers, given the ethical principles of trust and transparency, describe how can you as a manager be able to uphold these two in your practice.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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