Question

Solve the financial ratios for the following situations. Show computations in good form.
1. Current asset of a company is P200, 000 and its current liabilities is at P150, 000.
Compute the current ratio.
2. Cash amounts to P20,000, inventory is P30,000, accounts receivable is P10,000 and
Notes receivable is P5, 000. It also has accounts payable of P5, 000 and notes payable of P3, 000. Compute the quick ratio.
3. The company’s total assets amounts to P900,000 while total liabilities amounts P700, 000. Compute the debt ratio.
4. Total liabilities amounts P700, 000 while total equity amounts P200, 000. Compute the Debt to equity ratio.
5. Gross profit amounts P300, 000 and net sales amounts P350, 000. Compute the gross
Profit ratio.
6. The receivable turnover is 5.0. The company cost of goods sold was P 2,700,000.00, Inventory beginning P 900,000.00, Purchases P 900,000.00, Receivable beginning P 3,000,000.00 and Receivable ending P 3,300,000.00. How much was the net sales?
7. The receivable turnover is 5.0. The company cost of goods sold was P 2,700,000.00, Inventory beginning P 900,000.00, Purchases P 900,000.00, Receivable beginning P 3,000,000.00 and Receivable ending P 3,300,000.00. How much was the Inventory turnover?
8. A company has a quick/acid ratio of 2.0 and has no prepaid expenses at the end of the year. If the current assets and inventory amounted to P 40,000.00 and P 16,000.00 respectively. Find the value of Current Liabilities.
IV. The following data are taken from the records of Fabien Scent Store. Identify if the 2019 change in ratios is favorable or unfavorable for the company. (10 points)
Financial Ratios 2019 2018 Favorable/ Unfavorable
1. Current Ratio 1.5 0.87
2. Quick Ratio 0.99 0.75
3. Receivable Turnover 14 times 8 times
4. Average Collection Period 39 days 57 days
5. Inventory Turnover 12 times 7 times
6. Average Sales Period 38 days 40 days
Solve the financial ratios for the following situations. Show computations in good form. (40 points)
1. Current asset of a company is P200, 000 and its current liabilities is at P150, 000.
Compute the current ratio.
2. Cash amounts to P20,000, inventory is P30,000, accounts receivable is P10,000 and
Notes receivable is P5, 000. It also has accounts payable of P5, 000 and notes payable of P3, 000. Compute the quick ratio.
3. The company’s total assets amounts to P900,000 while total liabilities amounts P700, 000. Compute the debt ratio.
4. Total liabilities amounts P700, 000 while total equity amounts P200, 000. Compute the Debt to equity ratio.
5. Gross profit amounts P300, 000 and net sales amounts P350, 000. Compute the gross
Profit ratio.
6. The receivable turnover is 5.0. The company cost of goods sold was P 2,700,000.00, Inventory beginning P 900,000.00, Purchases P 900,000.00, Receivable beginning P 3,000,000.00 and Receivable ending P 3,300,000.00. How much was the net sales?
7. The receivable turnover is 5.0. The company cost of goods sold was P 2,700,000.00, Inventory beginning P 900,000.00, Purchases P 900,000.00, Receivable beginning P 3,000,000.00 and Receivable ending P 3,300,000.00. How much was the Inventory turnover?
8. A company has a quick/acid ratio of 2.0 and has no prepaid expenses at the end of the year. If the current assets and inventory amounted to P 40,000.00 and P 16,000.00 respectively. Find the value of Current Liabilities.
IV. The following data are taken from the records of Fabien Scent Store. Identify if the 2019 change in ratios is favorable or unfavorable for the company. (10 points)
Financial Ratios 2019 2018 Favorable/ Unfavorable
1. Current Ratio 1.5 0.87
2. Quick Ratio 0.99 0.75
3. Receivable Turnover 14 times 8 times
4. Average Collection Period 39 days 57 days
5. Inventory Turnover 12 times 7 times
6. Average Sales Period 38 days 40 days
7. Debt Ratio 67% 50%
8. Equity Ratio 65% 46%
9. Debt to Equity Ratio 3 2
10. Gross Profit Ratio 48% 45%

Answer 1

Answer:

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Answer 2

Explanation:

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