INCOME TATEMEN FOR YEAR ENDING BECEMBER 31 (MILLIONS OF PHP) 2021 P3,600.0 P3,000.0 3.060.0 2022 Sales Operating costs (excluding depreciation and amortization) É BITDA Depreciation and amortization E arnings before interest and taxes 2,550.0 P 540.0 P 450.0 90.0 75.0 P 450.0 P 375.0 65.0 60.0 P 315.0 Interest E arnings before taxes Taxes (40%) Net income available to common stockholders P 385.0 154.0 P 231.0 P 189.0 P 13.2 126.0 Common dividends P 181.5 NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: Cash and marketable securities P 36.0 540.0 540.0 P1,116.0 |900.0 P2.016.0 P 30.0 450.0 600.0 P1,080.0 750.0 P1.830.9 Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and equity: Accounts payable Notes payable Accruals Total current lia bilities Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total liabilities and equity Р 324.0 201.0 216.0 P 741.0 _450.0 P1,191.0 P 270.0 155.0 180.0 P 605.0 450.0 P1,055.0 150.0 150.0 675.0 P 825.0 P2.016.0 625.0 P 775.0 P1.830.0

INCOME TATEMEN FOR YEAR ENDING BECEMBER 31 (MILLIONS OF PHP) 2021 P3,600.0 P3,000.0 3.060.0 2022 Sales Operating costs (excluding depreciation and amortization) É BITDA Depreciation and amortization E arnings before interest and taxes 2,550.0 P 540.0 P 450.0 90.0 75.0 P 450.0 P 375.0 65.0 60.0 P 315.0 Interest E arnings before taxes Taxes (40%) Net income available to common stockholders P 385.0 154.0 P 231.0 P 189.0 P 13.2 126.0 Common dividends P 181.5 NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: Cash and marketable securities P 36.0 540.0 540.0 P1,116.0 |900.0 P2.016.0 P 30.0 450.0 600.0 P1,080.0 750.0 P1.830.9 Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and equity: Accounts payable Notes payable Accruals Total current lia bilities Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total liabilities and equity Р 324.0 201.0 216.0 P 741.0 _450.0 P1,191.0 P 270.0 155.0 180.0 P 605.0 450.0 P1,055.0 150.0 150.0 675.0 P 825.0 P2.016.0 625.0 P 775.0 P1.830.0

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 24CE

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Calculate the asset efficiency - receivables, inventory, fixed asset and total asset turnover ratios
The following is a statement of earned surplus prepared by the company for 2021: Balance, 1/1669.1 Additions: orldwisecriou Change in estimate of 2021 bo amortization expense Gain on sale of land Interest income Profit for 2021 Total N Abse Deductions: Increased depreciation due to change in estimated life played at tan Dividends declared and paid tga ol Loss on sale of equipment Loss from major casualtyd betet Balance, 12/31 P 2,800 18,350 4,500 13,680 a. P7,260 loss b. P5,060 loss C. P4,940 profit d. P2,740 profit P 85,949 P 5,000 10,000 3,860 27,730 39,330 125,279 46,590 P 78,689 The adjusted profit or loss that should be reported in the company's income statement for the year ended Dec. 31, 2021 is 2995100225 16 31010-2012
What is the net book value of asset
Based on IAS 19 (Adjustment 2014) and the following data: Balance as of December 31, 2014: Current service cost Rp 6.000.000 Interest costs Rp 2.000.000 Past service costs Rp 1.000.000 10% Amortization of net actuarial losses Rp 500.000 Unrecognized actuarial losses Rp 17.000.000 Curtailment Rp 1.000.000 Adjustment Rp 1.500.000 What post-employment benefits should be recognized in the income statement for the year ended December 31, 2014 (the Company provides a post-employment benefit plan - defined benefit): A. Rp 29.000.000 B. Rp 12.000.000 C. Rp 9.000.000 D. Rp 6.000.000
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Income S.atement For the Year Ended June 30, 2020 Net sales P2,430,500 Cost of goods sold (including depreciation of P191,500) P1,073,000 Operating expenses (including depreciation of P100,000) 500,000 7,500 (26,000) (15,000) (44,000) 356,000 P1,851,500 P 579,000 Interest expense Gain on sale of equipment Gain on sale of trading securities Unrealized holding gain on trading securities Income tax Total Net income Texas Company Balance Sheets June 30 2020 2019 Assets P442,000 325,000 P532,000 275,000 141,500 168,500 450,000 43,000 1,095,000 352,000 P3,057,000 Cash Trading Securities(market) Accounts receivable 80,500 Inventories 86,000 Investment in Associates (cost) 43,000 321,500 Land Buildings (net) Equipment (net) Total assets 242,500 P1,540,500 Liabilities & Equity P 93,500 P107,500 50,000 41,500 156,500 Accounts payable Short-term bank loans payable Accrued operating expenses Income tax payable Bonds payable (net) Common stock, P10 par value Additional paid in capital Retained…
Problem 17-8 (AICPA Adapted) Sandy Company reported the following comparative statement of financial position at year-end: 2020 Assets 150,000 Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Property, plant and equipment Accumulated depreciation 000'07 000'060'I 000'098 000'0 3,620,000 4,300,000 840,000) 720,000) 5,120,000 4,210,000 Liabilities and Equity Accounts payable Salaries payable Income tax payable Accrued interest payable Bonds payable Share capital Retained earnings Treasury shares 400,000 000'0 000'ss 000's 000'009 000'0 000 3,050,000 1,100,000 140,000) 3,050,000 760,000 5,120,000 4,210,00
F Question Viewer Cost of Goods Sold - Depreciation = EBIT - Taxes (20%). = Unlevered net income + Depreciation - Additions to Net Working Capital - Capital Expenditures = Free Cash Flow Year 0 A. 17% B. 30% C. 25% D. 22% _-400000_ Year 1 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 Year 2 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 Year 3 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 204918.033 204918.033 204918.033 Visby Rides, a livery car company, is considering buying some new luxury cars. After extensive research, they come up with the above estimates of free cash flow from this project. By how much could the discount rate rise before the net present value (NPV) of this project is zero, given that it is currently 8%?
What is the situation that best describes the following amortization schedule? Payment # Amount Paid Interest Portion Principal Portion Principal Balance 12,000.00 1 3,132.39 210.00 2,922.39 9,077.61 2 3,132.39 158.86 2,973.53 6,104.08 3,132.39 106.82 3,025.57 3,078.51 4 3,132.38 53.87 3,078.51 0.00 Total 12,529.55 529.55 12,000.00 a. Reuben received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. b. Fabrizio received a loan of $12,000 from a bank to purchase office supplies. He obtained the loan at an interest rate of 70% compounded quarterly for 1 year. Calculate the size of her end-of-quarter payments and construct an amortization schedule for his loan. C. Reuben received a loan of $12,000 froma bank to purchase office supplies. He obtained the loan at an interest rate of 7% compounded every…
statement of cash flow 2019 GH¢’000 2018 GH¢’000 2017 GH¢’000 Cash flows from operating activities Profit before income tax 32,548 35,430 11,576 Adjustments for: - Depreciation 56,108 58,326 54,759 - Amortisation 1,185 971 563 - Loss/(profit) on disposal of property, plant and equipment 2,242 (9) (566) - Impairment charge 1,110 534 43 - Finance cost 19,579 19,392 30,724 - Finance income (2,245)…