10. If the net income after tax of the company is P4,000,000, starting balance of assets is P500,000 and the ending balance of assets is P700,000, what is the return of assets? * a. 8 b. 5.71 c. 6.6667 d. 3.3333
10. If the net income after tax of the company is P4,000,000, starting balance of assets is P500,000 and the ending balance of assets is P700,000, what is the return of assets? *
a. 8
b. 5.71
c. 6.6667
d. 3.3333
2. If the quick assets of the company amounted to P90,000, and the quick ratio is 9, how much is the current liabilities of the entity? *
a. P810,000
b. P89,997
c. P90,009
d. P10,000
7. If net sales amounted to P200,000, net income before tax is P80,000 and the income tax rate is 30%, how much is the profit margin ratio? *
a. 0.40
b. 0.28
c. 2.5
d. 3.57
8. Interest expense for the year amounted to P90,000. Income tax expense is P100,000. If net income after tax is P620,000, what is the times interest earned ratio? *
a. 6.2
b. 9
c. 6.888
d. P720,000
1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the
a. P800,000
b. P400,000
c. 3
d. 1/3
3. If net sales is P200,000 and the average
a. 4
b. 1/4
c. P150,000
d. P250,000
5. If total assets amounted to P800,000 and total liabilities amounted to P200,000, what is the debt to equity ratio? *
a. 4
b. 0.3333
c. 0.25
d. 3
9. If the operating expenses of the company amounted to P50,000, gross sales amounted to P420,000 and sales discounts amounted to P20,000, how much is the operating expenses to sales ratio? *
a. 0.125
b. 8
c. 0.119
d. 8.4
6. Net Sales for the year is P900,000. If cost of goods sold is P400,000, what is the gross profit ratio? *
a. 8.4444
b. 9.25
c. 10.8
d. 11.5555
4. If average inventory is P80,000 and the inventory turnover ratio is 20, how much is the cost of goods sold of the company? *
a. P1,600,000
b. P4,000
c. .00025
d. P80,020
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