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
Problem 1Q
icon
Related questions
Question

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?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Forecasting Financial Statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education