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Liquidity Ratios 2020 2019 Current Ratio 1.06 1.26 P254,511,000| P239,957,000| P248,357,000 P196,719,000 Current Assets Current Liabilities Acid Ratio 0.76 0.87 Current Assets P254,511,000 P248,357,000 P72,056,000| P239,957,000| Inventory P77,120,000 Current Liabilities P196,719,000 Profitability Ratio

Liquidity Ratios 2020 2019 Current Ratio 1.06 1.26 P254,511,000| P239,957,000| P248,357,000 P196,719,000 Current Assets Current Liabilities Acid Ratio 0.76 0.87 Current Assets P254,511,000 P248,357,000 P72,056,000| P239,957,000| Inventory P77,120,000 Current Liabilities P196,719,000 Profitability Ratio

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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Explain the following ratios. 

Liquidity Ratios 2020 2019 Current Ratio 1.06 1.26 P254,511,000| P239,957,000 P248,357,000| P196,719,000 Current Assets Current Liabilities Acid Ratio 0.76 0.87 P254,511,000 P72,056,000| P248,357,000 P77,120,000 P196,719,000 Current Assets Inventory Current Liabilities P239,957,000 Profitability Ratio Gross Margin 31.17% 36.42% P259,593,000| P377,149,000 |COG/COS P302,612,000 P475,931,000 Net Sales Net Profit Margin -3.69% -30.70% -P13,904,000 P377,149,000 Net Profit/Net Income -P146,095,000 Net Sales P475,931,000 Debt Management Ratio Leverage 116% 112.82% P655,124,000 P564,728,000 P604,893,000 P536,151,000 Total Liabilities Total Equity Asset Management Ratio Inventory Turnover 3.60 3.92 P302,612,000 77,120,000 Cost of Sales P259,593,000 |Inventory 72,056,000
Transcribed Image Text:Liquidity Ratios 2020 2019 Current Ratio 1.06 1.26 P254,511,000| P239,957,000 P248,357,000| P196,719,000 Current Assets Current Liabilities Acid Ratio 0.76 0.87 P254,511,000 P72,056,000| P248,357,000 P77,120,000 P196,719,000 Current Assets Inventory Current Liabilities P239,957,000 Profitability Ratio Gross Margin 31.17% 36.42% P259,593,000| P377,149,000 |COG/COS P302,612,000 P475,931,000 Net Sales Net Profit Margin -3.69% -30.70% -P13,904,000 P377,149,000 Net Profit/Net Income -P146,095,000 Net Sales P475,931,000 Debt Management Ratio Leverage 116% 112.82% P655,124,000 P564,728,000 P604,893,000 P536,151,000 Total Liabilities Total Equity Asset Management Ratio Inventory Turnover 3.60 3.92 P302,612,000 77,120,000 Cost of Sales P259,593,000 |Inventory 72,056,000
Balance Sheet 2019 2020 Assets Cash & Short Investments 77,021,000 78,903,000 Accounts Receivable 68,109,000 76,220,000 Inventories 77,120,000 72,056,000 Other Current Assets 26,107,000 27,332,000 TOTAL CURRENT ASSETS 248,357,000 254,511,000 Net Property, Plant & Equipment 137,332,000 143,689,000 Total Investments and Advances 646,648,000 684,877,000 30,824,000 25,290,000 Long-Term Note Receivable 51,816,000 Intangible Assets 24,589,000 Other Assets 52,593,000 60,370,000 TOTAL LONG-TERM ASSETS 892,687,000 965,341,000 TOTAL ASSETS 1,141,044,000 1,219,852,000 Liabilities 49,322,000 85,997,000 3,274,000 58,126,000 196,719,000 354,959,000 6,483,000 ST Debt &Current Portion LT Debt 86,259,000 Accounts Payable Income Tax Payable 82,599,000 2,649,000 Other Current Liabilities 68,449,000 TOTAL CURRENT LIABILITIES 239,957,000 Long-Term Debt 359,600,000 Deferred Taxes 7,943,000 Other Liabilities 46,732,000 47,624,000 TOTAL LIABILITIES 604,893,000 655,124,000 Equity Shareholder's Equity 382,627,000 403,833,000 Accumulated Minority Interest 153,524,000 160,895,000 TOTAL EQUITY 536,151,000 1,141,044,000 564,728,000 TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 1,219,852,000
Transcribed Image Text:Balance Sheet 2019 2020 Assets Cash & Short Investments 77,021,000 78,903,000 Accounts Receivable 68,109,000 76,220,000 Inventories 77,120,000 72,056,000 Other Current Assets 26,107,000 27,332,000 TOTAL CURRENT ASSETS 248,357,000 254,511,000 Net Property, Plant & Equipment 137,332,000 143,689,000 Total Investments and Advances 646,648,000 684,877,000 30,824,000 25,290,000 Long-Term Note Receivable 51,816,000 Intangible Assets 24,589,000 Other Assets 52,593,000 60,370,000 TOTAL LONG-TERM ASSETS 892,687,000 965,341,000 TOTAL ASSETS 1,141,044,000 1,219,852,000 Liabilities 49,322,000 85,997,000 3,274,000 58,126,000 196,719,000 354,959,000 6,483,000 ST Debt &Current Portion LT Debt 86,259,000 Accounts Payable Income Tax Payable 82,599,000 2,649,000 Other Current Liabilities 68,449,000 TOTAL CURRENT LIABILITIES 239,957,000 Long-Term Debt 359,600,000 Deferred Taxes 7,943,000 Other Liabilities 46,732,000 47,624,000 TOTAL LIABILITIES 604,893,000 655,124,000 Equity Shareholder's Equity 382,627,000 403,833,000 Accumulated Minority Interest 153,524,000 160,895,000 TOTAL EQUITY 536,151,000 1,141,044,000 564,728,000 TOTAL LIABILITIES & SHAREHOLDERS' EQUITY 1,219,852,000
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