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

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

What is National Co.’s net operating working capital for 2022?

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
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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Forecasting Financial Statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education