Escolar Documentos
Profissional Documentos
Cultura Documentos
a
c
d
a
-c
6.
7.
8.
9.
10.
a
f
b
a
f
11.
12.
13.
14.
15.
A
F
H
B
E
16.
17.
18.
19.
20.
c
d
g
h
g
E 11-2
1.
Cash
Inventories
Accounts receivable
Total current assets
P 320,000
500,000
220,000
P1,040,000
2.
Accounts payable
Interest payable
Wages payable
Total current liabilities
P 280,000
60,000
180,000
P 520,000
3.
P1,040,000
1,700,000
P2,740,000
4.
Total assets
Less Total liabilities
(CL of P520,000 + NCL of P600,000)
Total shareholders equity
Less Ordinary shares
Retained earnings
P2,740,000
1,520,000
P1,220,000
1,000,000
P 220,000
E 11-3
1.
2.
3.
4.
5.
Investing
Operating
Operating
Operating
Investing
6.
7.
8.
9.
10.
Operating
Operating
Financing
Financing
None
page 2
E 11-4
Reported profit
Add (deduct):
Loss on sale of equipment
Depreciation expense
Profit before working capital changes
Decrease in accounts receivable
Decrease in accounts payable
Cash provided by operating activities
P500,000
P120,000
720,000
P840,000
10,000
50,000
P560,000
70,000
(60,000)
P570,000
E 11-5
E 11-6
1.
2.
E 11-7
1. a Receivable turnover
2008 = 7,000,000 / [(650,000 +720,000) /2] = 7,000,000 / 685,000
2009 = 7,800,000 / [(720,000 + 745,000 /2] = 7,800,000 / 732,500
10.22
10.65
36 days
34 days
c. Inventory turnover
2008 = 4,450,000/925,000
2009 = 4,650,000 / 1,050,000
4.81
4.43
76 days
83 days
2. Receivables are collected within the discount period of 45 days but not within the discount
period of 10 days. There is efficient collection of receivables; however, the company may
review further its discount rate and discount period so as to encourage or motivate
employees to avail of such.
The movement of inventories is slow it takes between 76 and 83 days for the company
to sell its inventories. Though receivables are collected within the credit period, the
company may still face a problem in the payment of its payable because of the long period
it takes for inventories to be sold.
page 3
E 11-8
1.
P150,000 / P6,000,000
2.5%
2.
P150,000 / P3,250,000
4.6%
3.
P6,000,000 / P3,250,000
1.85
4.
P150,000 / P1,142,500
5.
P1,800,000 / P6,000,000
30%
6.
P6,000,000 / P67,250
89.22
7.
4 days
13.13%
P 11-1
NOP Corporation
Statement of Financial Position
December 31, 20__
Assets
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid expenses
Noncurrent assets:
Noncurrent receivables
Property, plant and equipment
P2,400,000
3,500,000
5,000,000
4,970,00
0
80,000 P15,950,000
P1,105,000
6,205,00
0
Total assets
7,310,000
P23,260,00
0
P 312,500
589,500
4,218,000
1,815,000
P 6,935,000
2,625,00
0
page 4
Total liabilities
P 9,560,000
13,700,000
P23,260,000
P 11-2
a.
b.
c.
d.
e.
f.
g.
h.
i.
Where
reported
I
O
O
F
F
F
NC
NC
O
I
P 11-3
RST Company
Statement of Cash Flows
For the Year Ended December 31, 20__
Cash flows from operating activities
Profit before tax
Adjustments for:
Depreciation
Interest expense
Operating profit before working capital changes
Increase in accounts receivable
Increase in merchandise inventory
Increase in accounts payable
Cash generated from operations
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
P 800,000
310,000
60,000
P1,170,000
( 480,000)
( 140,000)
280,000
P 830,000
( 60,000)
( 140,000)
P 630,000
170,000
P 80,000
( 120,000)
( 540,000)
( 580,000)
page 5
P 220,000
400,000
P 620,000
P 11-4
1.
P95.57
2.
Return on ordinary SE
P5,352,000 / P10,321,000
51.86%
3.
Return on assets
P5,352,000 / 18,430,000
29.04%
4.
Current ratio
P7,928,000 / P4,270,000
1.71:1
5.
P38,730,000 / 2,106,000
18.22
6.
7.
P20,110,000 / 2,585,000
8.
9.
P8,140,000 / P500,000
10.
P38,370,000 / P18,430,000
2.08
11.
P8,470,000 / P19,804,000
.43:1
12.
P8,470,000 / P11,334,000
.75:1
13.
P6,040,000 / P8,109,000
.74:1
20 days
7.78
47 days
16.28 times
P 11-5
GHI
JKL
1.06:1
1.08:1
10.05
10.06
36 days
36 days
d. Inventory turnover
6.10
8.99
e. Days in inventory
60 days
41 days
42
32
1. LIQUIDITY RATIOS
a. Current ratio
b. Receivable turnover
c. Average collection period
page 6
.48:1
.53:1
31.87 times
31.63 times
21%
13%
.77
1.06
c. Return on assets
16.80%
14.62%
d. Return on ordinary SE
33.58%
33.31%
MC
1.
2.
3.
4.
C
B
A
A
5.
6.
7.
8.
A
A
C
P272,900
9.
10.
11.
12.
B
C
D
C