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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

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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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