Compute for the Current ratio for 2017, Interest Coverage ratio, Profit margin or Return on Sales for 2018, Return on Assets for 2018 and Return on Equity for 2018 Theodore Company's Financial Statement contains the following information: 2018 (Php) 160,000 400,000 320,000 2,160,000 12.000 3,052,000 6.400,000 800,000 1,600,000 2,000,000 812.000 2017 (Php) Cash Sundry Debtors Temporary Investments Stock Prepaid Expenses Total Current Assets Total Assets Current Liabilities Loans 200,000 320,000 200,000 1,840,000 28.000 2,588,000 5.600.000 640,000 1,600,000 2,000,000 468,000 Capital Retained Earnings Statoment of Profit for the Current Year Sales Less Cost of Goods sold Less Interest 4,000,000 (2.800.000) 160,000 1,040,000 520.000 520.000 Net Income Less taxes @ 50% Income after taxes Profit distributed 220,000

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
100%

Please help me compute the ff requirements. Thanks

Compute for the Current ratio for 2017, Interest Coverage ratio, Profit margin or Return on Sales for
2018, Return on Assets for 2018 and Return on Equity for 2018
Theodore Company's Financial Statement contains the following information:
2017 (Php)
200,000
Cash
Sundry Debtors
Temporary Investments
Stock
2018 (Php)
160,000
400,000
320,000
2,160,000
Prepaid Expenses
Total Current Assets
Total Assets
Current Liabilities
Loans
Capital
Retained Earnings
320,000
200,000
1,840,000
28.000
2,588,000
5,600.000
640,000
1,600,000
2,000,000
12.000
3,052,000
6,400,000
800,000
1,600,000
2,000,000
812.000
468,000
Statoment of Profit for the Current Year
4,000,000
(2.800.000)
160,000
1,040,000
520.000
520.000
Sales
Less Cost of Goods sold
Less Interest
Net Income
Less taxes @ 50%
Income after taxes
Profit distributed
220,000
Transcribed Image Text:Compute for the Current ratio for 2017, Interest Coverage ratio, Profit margin or Return on Sales for 2018, Return on Assets for 2018 and Return on Equity for 2018 Theodore Company's Financial Statement contains the following information: 2017 (Php) 200,000 Cash Sundry Debtors Temporary Investments Stock 2018 (Php) 160,000 400,000 320,000 2,160,000 Prepaid Expenses Total Current Assets Total Assets Current Liabilities Loans Capital Retained Earnings 320,000 200,000 1,840,000 28.000 2,588,000 5,600.000 640,000 1,600,000 2,000,000 12.000 3,052,000 6,400,000 800,000 1,600,000 2,000,000 812.000 468,000 Statoment of Profit for the Current Year 4,000,000 (2.800.000) 160,000 1,040,000 520.000 520.000 Sales Less Cost of Goods sold Less Interest Net Income Less taxes @ 50% Income after taxes Profit distributed 220,000
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
U.S. Generally Accepted Accounting Principles (GAAP) Provisions
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.
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