Analyze and interpret the financial statements of MERALCO for 2018 and 2019. Use at least two ratios each for profitability, solvency and liquidity areas. Analyze which of these years MERALCO is doing better for each of the financial ratio tools.
Analyze and interpret the financial statements of MERALCO for 2018 and 2019. Use at least two ratios each for profitability, solvency and liquidity areas. Analyze which of these years MERALCO is doing better for each of the financial ratio tools.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Analyze and interpret the financial statements of MERALCO for 2018 and 2019. Use at least two ratios each for profitability, solvency and liquidity areas. Analyze which of these years MERALCO is doing better for each of the financial ratio tools.
Transcribed Image Text:MANILA ELCTRIC соMPANY
(Parent Company Only)
Statements of Income (In millions)
December 31
2019
2018
ASSETS
Current Assets
Cash and cash equivalents
38,262
36,471
31,343
3,812
43,718
Trade and other receivables
32,608
Inventories
4558
Financial and other current assets
42,261
Total Current Assets
117,689
115,344
Non Current Assets
Utility plantand others
Investments in associates and interests in jai
Investment properties
De ferred taxassets - net
Financial and other noncurrent assets
151,441
139,846
14,965
11,313
1,502
1,502
23,440
18,800
47,982
239.330
357,019
49,446
Total Non Current Assets
220,907
TOTAL ASSETS
336,251
UABILITIES AND EQUITIES
Current Liabilities
Nates Payables
Trade payables and other current liabilites
Others
Total Current Liabilities
23,393
13,428
93,680
90,456
10,488
11,633
127,561
115,517
Non Current Liabilities
144,217
137,847
Equity
Common Stack
11273
11,273
Additional Paid in Capital
Retained Earnings
Non Controlling Interests
4,111
4,111
67,108
61,922
1,011
845
Other Equity Iterms
Total Equities
TOTAL LIABIUTIES ANDEQUMIES
1,738
4,736
85,241
82,887
357,019
336,251
Transcribed Image Text:MANILA ELECTRIC COMPANY
(Parent Company Only)
Statements of Income (In millions)
2019
2018
2017
Revenues
Sale of electricty
310,098
295,389
275,172
Sale of other services
8,217
9,065
7,384
318,315
304,454
282,556
Cost and Expenses
Other Income (net)
287,076
276,012
256,178
676
2,103
1,484
Income before Tax
31,915
30,545
27,862
Provision from Income Tax
8,543
7,443
7,363
Net Income after Tax
23,372
23,102
20,499
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