FIM01- FUNDAMENTAL OF FINANCIAL MANAGEMENT

FINANCIAL MIX RATIO ANALYSIS

J. VILLENA, CPA

The data given below were obtained from the financial records of BAGSAK
Corporation for the year ended December 31, 2016.

BAGSAK Corporation
Statement of Financial Position
December 31 2015 and 2016

ASSETS 2016 2015

Cash 85,000 95,000
Marketable Securities 25,000 10,000
Trade Receivable, net 245,000 265,000
Inventory, at cost 220,000 250,000
Prepaid Expenses 10,000 15,000
Equipment, net 320,000 380,000
Other Assets 15,000 5,000
Total Assets 920,000 1,020,000

EQUITY
Trade payables 165,000 200,000
Accrued Expenses 25,000 50,000
Other Current liabilities 10,000 50,000
Mortgage Payable 120,000 140,000
Share capital, P100 par 300,000 300,000
Share Premium 30,000 30,000
Retained Earnings, appropriated 80,000 120,000
Retained Earnings, unappropriated 190,000 130,000
Total Equities 920,000 1,020,000

BAGSAK Corporation
Income Statement
December 31, 2016

Net Sales 1,000,000

Cost of goods sold 750,000
Gross profit 250,000
Selling, administrative and other expenses 125,000
Income before tax 125,000
Provision for income taxes 35,000
Net income for the year 90,000
Retained Earnings, beginning 130,000
Total 220,000
Dividends paid 30,000
Retained Earnings, end 190,000

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