NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 P3,600.0 P3,000.0 3.060.0 2.550.0 P 540.0 _90.0 P 450.0 65.0 P 385.0 154.0 P 231.0 P 181.5 2021 Sales Operating costs (excluding depreciation and amortization) É BITDA Depreciation and amortization E arnings before interest and taxes P 450.0 75.0 P 375.0 Interest E arnings before taxes Taxes (40%) Net income available to common stockholders 60.0 P 315.0 126.0 P 189.0 P 13.2 Common dividends NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: Cash and marketable securities P 36.0 540.0 P 30.0 450.0 Accounts receivable _540.0 P1,116.0 900.0 P2.016.0 600.0 P1,080.0 750.0 P1.830.0 Inventories Total current assets Net plant and equ ipment Total assets Liabilities and equity: Accounts payable Notes payable Accruals Total current lia bilities P 324.0 201.0 P 270.0 155.0 216.0 P 741.0 450.0 P1,191.0 150.0 180.0 P 605.0 450.0 P1,055.0 150.0 Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total liabilties and equity 675.0 P 825.0 P2.016.0 625.0 P 775.0 P1.830.0
NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 P3,600.0 P3,000.0 3.060.0 2.550.0 P 540.0 _90.0 P 450.0 65.0 P 385.0 154.0 P 231.0 P 181.5 2021 Sales Operating costs (excluding depreciation and amortization) É BITDA Depreciation and amortization E arnings before interest and taxes P 450.0 75.0 P 375.0 Interest E arnings before taxes Taxes (40%) Net income available to common stockholders 60.0 P 315.0 126.0 P 189.0 P 13.2 Common dividends NATIONAL CO.: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF PHP) 2022 2021 Assets: Cash and marketable securities P 36.0 540.0 P 30.0 450.0 Accounts receivable _540.0 P1,116.0 900.0 P2.016.0 600.0 P1,080.0 750.0 P1.830.0 Inventories Total current assets Net plant and equ ipment Total assets Liabilities and equity: Accounts payable Notes payable Accruals Total current lia bilities P 324.0 201.0 P 270.0 155.0 216.0 P 741.0 450.0 P1,191.0 150.0 180.0 P 605.0 450.0 P1,055.0 150.0 Long-term bonds Total debt Common stock (50 million shares) Retained earnings Total com mon equity Total liabilties and equity 675.0 P 825.0 P2.016.0 625.0 P 775.0 P1.830.0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What is National Co.’s net operating

Transcribed Image Text:NATIONAL CO.: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31
(MILLIONS OF PHP)
2021
P3,600.0 P3,000.0
2,550.0
P 450.0
75.0
P 375.0
60.0
P 315.0
126.0
P 189.0
P 13.2
2022
Sales
O perating costs (excluding depreciation and amortization)
Е ВITDA
Depreciation and amortization
E arnings before interest and taxes
Interest
E arnings before taxes
Taxes (40%)
Net income available to common stockholders
3.060.0
P 540.0
90.0
P 450.0
65.0
P 385.0
154.0
Р 231.0
P 181.5
Common dividends
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
Accounts receivable
Inventories
Total current assets
_ 600.0
P1,080.0
750.0
P1.830.0
Net plant and equipment
Total assets
Liabilities and equity:
Accounts payable
Notes payable
P 324.0
P 270.0
155.0
201.0
216.0
P 741.0
450.0
P1,191.0
Accruals
Total current lia bilties
Long-term bonds
Total debt
Common stock (50 million shares)
Retained earnings
Total com mon equity
Total liabilities and equity
180.0
P 605.0
450.0
P1,055.0
150.0
625.0
P 775.0
P1.830.0
150.0
675.0
P 825.0
P2.016.0
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