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OUR COMPANY Statement of Financial Position As of December 31 20Y2 20Υ1 Cash and Cash Equivalents P 470,310 P 519,860 Accounts Receivable, net 660,110 565,170 Inventory Prepaid Expenses 653,060 555,480 173,740 228,810 Total Current Assets 1,957,220 1,869,320 Property, Plant and Equipment, net Intangible Assets 5,910,530 745,200 5,501,660 721,910 Total Assets P8,612,950 P8,092,890 Current Liabilities P1,273,050 P1,123,700 541,540 1,665,240 Long-Term Liabilities 577,580 1,850,630 Total Liabilities OUR, Capital Total Liabilities and Owner's Equity P8,612,950 P8,092,890 6,762,320 6,427,650 OUR COMPANY Statement of Comprehensive Income For the Year Ended 20Υ2 20Υ1 Sales Revenue P5,385,860 P4,921,850 1,374,790 Cost of Goods Sold 1,254,860 Gross Profit 4,011,070 3,666,990 Selling and Administrative Expenses 3,406,460 Operating Income 3,127,150 604,610 539,840 Interest Expense 11,820 23,040 Net Income P 592,790 P 516,800 Required: 1. Compute for the 20Y2 profitability ratios. 2. Compute for the 20Y2 operating efficiency ratios. 3. Compute for the 20Y2 financial health ratios.

OUR COMPANY Statement of Financial Position As of December 31 20Y2 20Υ1 Cash and Cash Equivalents P 470,310 P 519,860 Accounts Receivable, net 660,110 565,170 Inventory Prepaid Expenses 653,060 555,480 173,740 228,810 Total Current Assets 1,957,220 1,869,320 Property, Plant and Equipment, net Intangible Assets 5,910,530 745,200 5,501,660 721,910 Total Assets P8,612,950 P8,092,890 Current Liabilities P1,273,050 P1,123,700 541,540 1,665,240 Long-Term Liabilities 577,580 1,850,630 Total Liabilities OUR, Capital Total Liabilities and Owner's Equity P8,612,950 P8,092,890 6,762,320 6,427,650 OUR COMPANY Statement of Comprehensive Income For the Year Ended 20Υ2 20Υ1 Sales Revenue P5,385,860 P4,921,850 1,374,790 Cost of Goods Sold 1,254,860 Gross Profit 4,011,070 3,666,990 Selling and Administrative Expenses 3,406,460 Operating Income 3,127,150 604,610 539,840 Interest Expense 11,820 23,040 Net Income P 592,790 P 516,800 Required: 1. Compute for the 20Y2 profitability ratios. 2. Compute for the 20Y2 operating efficiency ratios. 3. Compute for the 20Y2 financial health ratios.

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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OUR COMPANY Statement of Financial Position As of December 31 2ΟΥ2 20Υ1 Cash and Cash Equivalents P 470,310 P 519,860 Accounts Receivable, net 660,110 565,170 Inventory 653,060 555,480 228,810 Prepaid Expenses 173,740 Total Current Assets 1,957,220 1,869,320 Property, Plant and Equipment, net Intangible Assets 5,910,530 745,200 5,501,660 721,910 Total Assets P8,612,950 P8,092,890 Current Liabilities P1,273,050 P1,123,700 Long-Term Liabilities 577,580 541,540 Total Liabilities 1,850,630 1,665,240 OUR, Capital 6,762,320 6,427,650 Total Liabilities and Owner's Equity P8,612,950 P8,092,890 OUR COMPANY Statement of Comprehensive Income For the Year Ended 20Υ2 20Υ1 Sales Revenue P5,385,860 P4,921,850 1,374,790 Cost of Goods Sold 1,254,860 Gross Profit 4,011,070 3,666,990 3,127,150 3,406,460 604,610 Selling and Administrative Expenses Operating Income Interest Expense 539,840 23,040 11,820 Net Income P 592,790 P 516,800 Required: 1. Compute for the 20Y2 profitability ratios. 2. Compute for the 20Y2 operating efficiency ratios. 3. Compute for the 20Y2 financial health ratios.
Transcribed Image Text:OUR COMPANY Statement of Financial Position As of December 31 2ΟΥ2 20Υ1 Cash and Cash Equivalents P 470,310 P 519,860 Accounts Receivable, net 660,110 565,170 Inventory 653,060 555,480 228,810 Prepaid Expenses 173,740 Total Current Assets 1,957,220 1,869,320 Property, Plant and Equipment, net Intangible Assets 5,910,530 745,200 5,501,660 721,910 Total Assets P8,612,950 P8,092,890 Current Liabilities P1,273,050 P1,123,700 Long-Term Liabilities 577,580 541,540 Total Liabilities 1,850,630 1,665,240 OUR, Capital 6,762,320 6,427,650 Total Liabilities and Owner's Equity P8,612,950 P8,092,890 OUR COMPANY Statement of Comprehensive Income For the Year Ended 20Υ2 20Υ1 Sales Revenue P5,385,860 P4,921,850 1,374,790 Cost of Goods Sold 1,254,860 Gross Profit 4,011,070 3,666,990 3,127,150 3,406,460 604,610 Selling and Administrative Expenses Operating Income Interest Expense 539,840 23,040 11,820 Net Income P 592,790 P 516,800 Required: 1. Compute for the 20Y2 profitability ratios. 2. Compute for the 20Y2 operating efficiency ratios. 3. Compute for the 20Y2 financial health ratios.
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