PROBLEM 1- Financial Statement AnalysisThe following information is available concerning the PAPASA-KA Company's expected results in 2019 (in thousandpesos). Turn-overs are based on year end valuesREQUIRED: Find all the values of the unknown variables1. Return on sales2. Gross profit percentage3. Receivables turnover6%40%5 times4. Inventory turnover5. Current ratio6. Ratio of total debts to assets4 times340%CONDENSED INCOME STATEMENTCONDENSED BALANCE SHEETSalesP900CashP30Current LiabilitiesCost of SalesReceivablesLong term debtsEquityGross profitOpExInventoryPPE670Net incomeTotalTotal

Income statement- It shows total expenses and income earned for a period of time. Performance of an…

The following information is available concerning the PAPASA-KA Company's expected results in 2019 (in thousand pesos). Turn-overs are based on year end values REQUIRED: Find all the values of the unknown variables

The following information is available concerning the PAPASA-KA Company's expected results in 2019 (in thousand pesos). Turn-overs are based on year end values REQUIRED: Find all the values of the unknown variables

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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PROBLEM 1- Financial Statement Analysis
The following information is available concerning the PAPASA-KA Company's expected results in 2019 (in thousand
pesos). Turn-overs are based on year end values
REQUIRED: Find all the values of the unknown variables
1. Return on sales
2. Gross profit percentage
3. Receivables turnover
6%
40%
5 times
4. Inventory turnover
5. Current ratio
6. Ratio of total debts to assets
4 times
3
40%
CONDENSED INCOME STATEMENT
CONDENSED BALANCE SHEET
Sales
P900
Cash
P30
Current Liabilities
Cost of Sales
Receivables
Long term debts
Equity
Gross profit
OpEx
Inventory
PPE
670
Net income
Total
Total

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