Financial mix ratios. The data given below were obtained from the financial records of Menace V. Corporation for the year ended December 31, 2012. Menace V. Corporation Statement of Financial Position December 31, 2012 (000s omitted) ASSETS Cash P 85,000 Marketable Securities, net 25,000 Trade receivables, net 245,000 Inventory, at cost 220,000 Prepaid expenses 10,000 Equipment, net 320,000 Other assets 15,000 Total Assets P 920,000 EQUITIES Trade payables P 165,000 Accrued Expenses 25,000 Other current liabilities 10,000 Mortgage payable 120,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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 Financial mix ratios. The data given below were obtained from the financial
records of Menace V. Corporation for the year ended December 31, 2012.

Menace V. Corporation
Statement of Financial Position
December 31, 2012
(000s omitted)
ASSETS
Cash P 85,000
Marketable Securities, net 25,000
Trade receivables, net 245,000
Inventory, at cost 220,000
Prepaid expenses 10,000
Equipment, net 320,000
Other assets 15,000
Total Assets P 920,000
EQUITIES
Trade payables P 165,000
Accrued Expenses 25,000
Other current liabilities 10,000
Mortgage payable 120,000

 

Share Capital, 100 par 300,000
Share Premium 30,000
Retained earnings – appropriated 80,000
Retained earnings – unappropriated 190,000
Total equities P 920,000

 

Menace V. Corporation
Income Statement
Year Ended December 31, 2012
(000s omitted)
Net sales P 1,000,000
Cost of goods sold:
Inventory, December 31, 2011 P 250,000
Purchases 720,000
Inventory, December 31, 2012 (220,000)
750,000
Gross profit 250,000
Selling, administrative and other
expenses
125,000
Income before taxes 125,000
Provision for income taxes 35,000
Net income for the year 90,000
Retained earnings, beginning 130,000
Total 220,000
Dividends paid 30,000
Retained earnings, end P 190,000

Required:
1. Net working capital.
2. Current ratio.
3. Acid-test ratio.
4. Accounts receivable turnover and average collection period.
5. Inventory turnover and average days to sell inventory.
6. Gross profit rate on sales.
7. Book value per ordinary share.
8. Rate of return on sales.
9. Earnings per share.
10.Rate of return on invested capital.
11.Debt-to-equity ratio.
12.Debt ratio. 

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