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EXERCISES
ACC08
= P20
= P15
= P35
= P5
2
STATEMENT
OF CASH
FLOWS
Axtel
retired stock for P1,000,000
and paid
a dividend of
P1,727,000. Depreciation for the year was P1,166,000. Construct
a Statement of Cash Flows for Axtel for 2001. (Hint: Retiring
stock means buying it back from shareholders. Assume the
purchase was made at book value, and treat it like a negative sale
AXTEL COMPANY
of stock.)
Balance Sheet
LIABILITI
Sales
COGS
Gross
Margin
Expense
P36,227
19,925
P16,302
P10,868
EBIT
Interest
P5,434
713
EBT
Tax
Net
Income
P4,721
1,605
P3,116
ASSETS
AXTEL
12/31/X0
COMPANY
INCOME
STATEMENT
Cash
P3,514
Accounts
6,742
Receivable
Inventory
2,573
CURRENT
P12,829
ASSETS
Fixed Assets
Gross
P22,478
Accum.
Depreciation
Net
12/31/X
1
P2,875
5,583
3,220
P11,67
8
P24,36
0
(12,147) (13,313
)
P10,331 P11,04
7
ES
P1,556
Accounts
Payable
Accruals
268
CURRENT
P1,824
LIABILITIES
Long-Term
P 7,112
Debt
Equity
14,224
TOTAL CAPITAL P21,336
TOTAL
LIABILITIES
P23,160
AND
EQUITY
P1,702
408
P2,110
P 6,002
14,613
P20,615
P22,725
Linden Corp. has a 10% market share in its industry. Below are the
common size income statements (PM) for Linden and for the industry.
Linden
Sales
P6,000
Cost of Goods Sold
3,200
%
Industry
100.0 P64,000
53.3 33,650
Gross Margin
47.7 30,350
%
100.0
52.6
2,800
47.4
Expenses:
Sales and Marketing430
7.2 3,850
Engineering
225
3.8 2,650
Finance ,Admin 650
10.8 4,560
7.1
Total Expenses
1,305
21.8 11,060
6.0
4.1
17.2
EBIT
1,495
Interest Expense 230
EBT
1,265
24.9 19,290
3.8 4,500
21.1 14,790
30.1
7.0
23.1
TREND ANALYSIS
Study the following selected unrelated groups of a Department Store data and
point out the favorable or unfavorable tendencies:
Year 1 Year 2
Year 3
Year 4
Year 5
75,150
88,270
90,340
98,340 100,900
100 ????
117 ????
120 ????
131 ????
134
Inventory (Pesos)
Trend (%)
52,330
100
Trend (%)
Net Sales
Trend (%)
Net Income
Trend (%)
59,280
????
113 ????
190 ????
230 ????
289
38,130
36,360
51,670
82,260
????
122 ????
117 ????
166 ????
260