1. Given the following information, compute for the net profit after taxes: GROSS SALES: Php 600,480 COSTS OF GOODS SOLD: Php 374,789 TOTAL OPERATING EXPENSES: Php 132,916 TOTAL TAXES: Php 17,113   2. Company X has investments of Php 3,000,000 and net income after taxes of Php 1,250,000 a year. How many years will it take for the company to recover the investment?   3. Company A incurred a loss of Php 3,000. If its revenue is Php 19,500, how much is its total expenses?   4. A1 Company's net profit after taxes is Php 94,000. If Return on Assets is 40%, what are the total assets?   5. A compnay's net profit after taxes is Php 94,000. If sales are Php 376,000, what is the Return of Sales?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. Given the following information, compute for the net profit after taxes:

GROSS SALES: Php 600,480

COSTS OF GOODS SOLD: Php 374,789

TOTAL OPERATING EXPENSES: Php 132,916

TOTAL TAXES: Php 17,113

 

2. Company X has investments of Php 3,000,000 and net income after taxes of Php 1,250,000 a year. How many years will it take for the company to recover the investment?

 

3. Company A incurred a loss of Php 3,000. If its revenue is Php 19,500, how much is its total expenses?

 

4. A1 Company's net profit after taxes is Php 94,000. If Return on Assets is 40%, what are the total assets?

 

5. A compnay's net profit after taxes is Php 94,000. If sales are Php 376,000, what is the Return of Sales?

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