Veery Beery Company Statement of Financial Position For the Year-ended December 31 Cash Short-term investments Accounts receivable Inventory Other Cunent Assets Total Cunent ASsets Equipment Total Assets Accounts Payable Notes Payable - long tem Owner, Capital | Total liabilities and equity 2019 P 400,000 5,600,000 1,480,000 1,380,000 8,860,000 10,860,000 6,800,000 P 17,660,000 P 6,600,000 2,460,000 8,600,000 P 17,660,000 2020 P 180,000 1,800,000 1,060,000 1,640,000 4,680,000 5,040,000 5,200,000 P 10,240,000 P 2,620,000 2,120,000 5,500,000 P 10,240,000 Veery Beery Company Statement of Comprehensive Income For the Year-ended December 31 Sales Cost of Goods Sold Gross Profit Operating Expenses |Operating Incomæ Interest Experse |Net Income 2019 P 10,040,000 5,680,000 4,360,000 1,160,000 3,200,000 100,000 P 3,1000,000 2020 P 8,760,000 5,860,000 2,800,000 1,680,000 1,220,000 28,000 P1,192,000 Requirements: Compute for the following financial ratios. 1. Cument ratio 2. Quick ratio 3. Working capital 4. Inventory tumover 5. Days of inventory (use 365 days) 6. Accounts receivable tumover (assume all sales are on credit) 7. Days of receivable (use 365 days) 8. Debt ratio 9. Equity ratio 10. Debt-to-aquity ratio 11. Gross profit ratio 12. Net profit ratio 13. Retum on assets 14. Retum on equity
Veery Beery Company Statement of Financial Position For the Year-ended December 31 Cash Short-term investments Accounts receivable Inventory Other Cunent Assets Total Cunent ASsets Equipment Total Assets Accounts Payable Notes Payable - long tem Owner, Capital | Total liabilities and equity 2019 P 400,000 5,600,000 1,480,000 1,380,000 8,860,000 10,860,000 6,800,000 P 17,660,000 P 6,600,000 2,460,000 8,600,000 P 17,660,000 2020 P 180,000 1,800,000 1,060,000 1,640,000 4,680,000 5,040,000 5,200,000 P 10,240,000 P 2,620,000 2,120,000 5,500,000 P 10,240,000 Veery Beery Company Statement of Comprehensive Income For the Year-ended December 31 Sales Cost of Goods Sold Gross Profit Operating Expenses |Operating Incomæ Interest Experse |Net Income 2019 P 10,040,000 5,680,000 4,360,000 1,160,000 3,200,000 100,000 P 3,1000,000 2020 P 8,760,000 5,860,000 2,800,000 1,680,000 1,220,000 28,000 P1,192,000 Requirements: Compute for the following financial ratios. 1. Cument ratio 2. Quick ratio 3. Working capital 4. Inventory tumover 5. Days of inventory (use 365 days) 6. Accounts receivable tumover (assume all sales are on credit) 7. Days of receivable (use 365 days) 8. Debt ratio 9. Equity ratio 10. Debt-to-aquity ratio 11. Gross profit ratio 12. Net profit ratio 13. Retum on assets 14. Retum on equity
Chapter1: Financial Statements And Business Decisions
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