A Prepare common size statement Gross sales Sales return Sales Discount Net sales Cos Selling expense Admin expense Asset Cash AR Prepaid insurance Prepaid rent Marketable securities Merchandise inventory Furniture and fixtures [net] Land Building [net] Total assets Liabilities and Equity AP Notes Payable (due in 6 months) Total liabilities Shareholders Equity B 2018 P3,050,000.00 P3,200.00 P3,000.00 P3,043,800.00 P2,790,000.00 P500,000.00 P300,000.00 2018 P350,000.00 P1,500,000.00 P30,000.00 P120,000.00 P200,000.00 P350,000.00 P400,000.00 P900,000.00 P2,500,000.00 P6,350,000.00 P900,000.00 P490,000.00 P1,390,000.00 C D Comprehensive income 2019 P4,750,000.00 P16,000.00 P7,000.00 P4,727,000.00 P2,299,000.00 P900,000.00 P700,000.00 Statement of Financial position 2019 P627,000.00 P1,600,000.00 P15,000.00 P120,000.00 P500,000.00 P550,000.00 P350,000.00 P900,000.00 P2,250,000.00 P6,912,000.00 P1,100,000.00 P600,000.00 P1,700,000.00 E F 2020 P8,988,000.00 P35,000.00 P20,100.00 P8,932,900.00 P5,051,000.00 P3,000,000.00 P1,500,000.00 2020 P550,000.00 P1,200,000.00 P50,000.00 P150,000.00 P1,000,000.00 P400,000.00 P300,000.00 P900,000.00 P2,000,000.00 P6,550,000.00 P600,000.00 P200,000.00 P800,000.00 S H 2021 P13,450,000 P60,000 P45,000 P13,345,000 P7,605,000 P3,090,000 P1,900,000 2021 P1,500,000 P2,000,000 P50,00C P150,000 P500,000 P500,000 P450,000 P900,000 P1,750,000 P7,800,000 P990,000 P600,000 P1,590,000
A Prepare common size statement Gross sales Sales return Sales Discount Net sales Cos Selling expense Admin expense Asset Cash AR Prepaid insurance Prepaid rent Marketable securities Merchandise inventory Furniture and fixtures [net] Land Building [net] Total assets Liabilities and Equity AP Notes Payable (due in 6 months) Total liabilities Shareholders Equity B 2018 P3,050,000.00 P3,200.00 P3,000.00 P3,043,800.00 P2,790,000.00 P500,000.00 P300,000.00 2018 P350,000.00 P1,500,000.00 P30,000.00 P120,000.00 P200,000.00 P350,000.00 P400,000.00 P900,000.00 P2,500,000.00 P6,350,000.00 P900,000.00 P490,000.00 P1,390,000.00 C D Comprehensive income 2019 P4,750,000.00 P16,000.00 P7,000.00 P4,727,000.00 P2,299,000.00 P900,000.00 P700,000.00 Statement of Financial position 2019 P627,000.00 P1,600,000.00 P15,000.00 P120,000.00 P500,000.00 P550,000.00 P350,000.00 P900,000.00 P2,250,000.00 P6,912,000.00 P1,100,000.00 P600,000.00 P1,700,000.00 E F 2020 P8,988,000.00 P35,000.00 P20,100.00 P8,932,900.00 P5,051,000.00 P3,000,000.00 P1,500,000.00 2020 P550,000.00 P1,200,000.00 P50,000.00 P150,000.00 P1,000,000.00 P400,000.00 P300,000.00 P900,000.00 P2,000,000.00 P6,550,000.00 P600,000.00 P200,000.00 P800,000.00 S H 2021 P13,450,000 P60,000 P45,000 P13,345,000 P7,605,000 P3,090,000 P1,900,000 2021 P1,500,000 P2,000,000 P50,00C P150,000 P500,000 P500,000 P450,000 P900,000 P1,750,000 P7,800,000 P990,000 P600,000 P1,590,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4E
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Question
Please provide the following:
• debt ratio
• working capital
• inventory turnover ratio
Important note: please follow the formula on the lesson attached, if there’s none provide the formula thank you.
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