Fernandez Corporation

Income Statement
For the Year Ended December 31

2017 2016
Sales, net P 6,300,000 P 4,800,000
Cost of goods sold 2,700,000 1,950,000
Gross profit 3,600,000 2,850,000
Operating expenses 2,100,000 1,575,000
Operating income 1,500,000 1,275,000
Interest expense 75,000 60,000
Income before taxes 1,425,000 1,215,000
Income taxes 360,000 300,000
Net income 1,065,000 915,000

Fernandez Corporation
Balance Sheet
As of December 31

2017 2016
Cash P 525,000 P 660,000
Accounts receivable, net 183,000 450,000
Inventory 1,575,000 1,350,000
Prepaid Insurance 120,000 105,000
Total Current Assets 2,403,000 2,565,000
Property, Plant and Equipment, net 2,850,000 2,109,000
Total Assets 5,253,000 4,674,000
Accounts payable 75,000 525,000
Salaries payable 120,000 90,000
Unearned revenues 270,000 420,000
Total Current Liabilities 465,000 1,035,000
Bank loan payable 1,980,000 1,500,000
Total Liabilities 2,445,000 2,535,000
Preferred shares P 12 (1,500 shares all years) 150,000 150,000
Common shares (30,000 shares all years) 450,000 450,000
Retained Earnings 2,208,000 1,539,000
Total shareholder`s equity 2,808,000 2,139,000
Total Liabilities and shareholder`s equity 5,253,000 4,674,000

Note:

2017 2016
Market price per share P 600 P 570
Dividends per share 39 36

Required: Compute for the financial ratios for the year 2017 and 2016.
 ETF LENDING INSTITUTION
CREDIT APPLICATION
TUGUEGARAO BRANCH

CLIENT INFORMATION

NAME IN PRINT:________MA. ELEANOR T. FERNANDEZ________________________________________

DATE OF BIRTH : JUNE 16, 1980 AGE:__38______ CIVIL STATUS: MARRIED GENDER: _FEMALE__
MOBILE NUMBER: 0905 – 0611663___ TIN # : 929-257-338 GSIS # : 02005164454____
RESIDENCE ADDRESS:__29 SANTOL STREET SAN GABRIEL VILLAGE, TUGUEGARAO CITY_______________
NAME OF SCHOOL/EMPLOYER: CAGAYAN STATE UNIVERSITY – ANDREWS CAMPUS_________________
SCHOOL / OFFICE ADDRESS: CARITAN, TUGUEGARAO CITY______________________________________
EMPLOYEE NO. / ID NO. :_____R-089___POSITION : INSTRUCTOR I EMPLOYEE STATUS: PERMANENT_
NATURE OF WORK: TEACHING_____________________MONTHLY SALARY : P25,000.00_____________
OTHER SOURCE OF FUNDS:
1. Receives regular monthly allowance of P12,000/month as guardian for her nephew
2. With an average monthly income from business of P5,000/month

SPOUSE INFORMATION

NAME IN PRINT:________PHILBERT T. FERNANDEZ____________________________________________

DATE OF BIRTH : DECEMBER 25, 1983 AGE:__34_____ CIVIL STATUS: MARRIED GENDER: ___MALE__
MOBILE NUMBER: 0908-8856052___ TIN # : 929-257-456 GSIS #/SSS# : 33-77155768______
RESIDENCE ADDRESS:__29 SANTOL STREET SAN GABRIEL VILLAGE, TUGUEGARAO CITY_______________
NAME OF SCHOOL/EMPLOYER: NOT APPLICABLE_____________________________________________
SCHOOL / OFFICE : NOT APPLICABLE______________________________________________________
EMPLOYEE NO. / ID NO. :_____N/A___POSITION : N/A EMPLOYEE STATUS: N/A__________________
NATURE OF WORK: N/A_____________________MONTHLY SALARY : N/A________________________
OTHER SOURCE OF FUNDS:
1. Receives his share from business partner of P7,500/month
2. With an average semi-annual income from farm of P120,000.00

CHILDREN`S INFORMATION

NAME AGE SCHOOL

PRINCESS FIONNA T. FERNANDEZ 13 Cagayan National High School
CHARLES ZEINKEE T. FERNANDEZ 11 Tuguegarao North Central School
JOHN PHILBERT T. FERNANDEZ 10 Tuguegarao North Central School

EXPENSES:

Food allowance : P 500/day

School expense :P500/day
Water / electricity expense : P3,000 / month (paid by aunt)
Communication expense : P1,300 / month