Nama Kelompok: Abdi Dzil Ikram (B1031181117)

Reza Winata (B1031181126)

Thareq AlMujib (B1031181127)

Syahrul Umam (B1031181128)

Computational Problems

15-1

a. Operating income as percentage of revenue would by operating margin, which would by

operating margin, which would be as follows for the following years:

Formula for that would be: Operating margin = Operating income/Revenue*100

2008 = 524/5472*100 = 9.58%

2009 = 534/5960*100 = 9.58%
2010 = 565/6601*100 = 8.56%
2011 = 694/8351*100 = 8.31%
2012 = 721/8256*100 = 8.73%

b. Net profit after tax as a percentage of revenue would by net profit margin, which would be as
follows for the following years:

Formula: Net profit after tax/Revenue*100

2008 = 232/5472*100 = 4.24%

2009 = 256/5960*100 = 4.30%
2010 = 255/6601*100 = 3.86%
2011 = 221/8351*100 = 2.65%
2012 = 721/8256*100 = 3.5%

You can also refer to the below table for reference, I have created this table in MS Excel

2008 2009 2010 2011 2012

Revenue 5472 5960 6601 8351 8256
Operating income 524 534 565 694 721
Operating income as a % of 9.58% 8.96% 8.56% 8.31% 8.73%
revenue
Net profits after tax 232 256 255 221 289
PaT as a % of revenue 4.24% 4.30% 3.86% 2.65% 3.50%

c. After-tax profit per share outstanding would be:

 Formula = Net profit after tax / no of shares outstanding

2008 = 232/49.94 = $4.64

2009 = 256/49.97 = %5.12
2010 = 255/49.43 = $5.15
2011 = 221/49.45 = $4.46
2012 = 289/51.92 = $5.56

d. Ratio of current assets to current liabilities is also called current ratio

Formula: Current ratio = Current asset/Current liabilities

2008 = 1736/845 = 2.05 times

2009 = 1951/1047 = 1.86
2010 = 2019/929 = 2.17
2011 = 2254/1215 = 1.85
2012 = 2315/1342 = 1.72

e. Long-term debt as a percentage of common equity

2008 = 251/1321 = 0.19

2009 = 255/1480 = 0.17
2010 = 391/1610 = 0.24
2011 = 731/1626 = 0.44
2012 = 736/1872 = 0.39

f. Book value per share = Common equity/no of shares outstanding

2008 = 1321/49.93 = 26.45

2009 = 1480/49.97 = 29.61
2010 = 1610/49.43 = 32.57
2011 = 1626/49.54 = 32.88
2012 = 1872/51.92 = 36.05

ROE = Net income or profit after tax / Total shareholders equity*100

ROA = Net income or profit after tax / Total assets*100

2008 2009 2010 2011 2012

g. ROE 17.56% 17.30% 15.84% 13.59% 15.44%
h. ROA 9.04% 8.60% 8.22% 5.72% 6.71%
i. Leverage would be the ratio of total liabilities to total assets. So before that, we will have to
calculate the value of Total liabilities which would be

Total liabilities = Total assets – Common equity

2008 2009 2010 2011 2012

Total assets 2565 2978 3103 3861 4310
Common equity 1321 1480 1610 1626 1872
Total liabilities 1244 1498 1493 2235 2438
Leverage 0.48499 0.5023022 0.481147 0.578866 0.565661

j. Net income margin would be the same as after-tax profit as a percentage of revenue which is
already calculated in the question B. Please refer question B

k. For calculating the turnover (Assuming inventory turnover among other turnover ratios) value of
inventory is required which is not given in the question.

l. EBIT is similar to Operating Income. So EBIT can also be called operating income which is nothing
but (income before interest and tax)

Operating income is given for all the periods

Operating Income 524 534 565 694 721

m. Income ratio is Debt to income ratio

This can be calculated as = Long-term/Profit after tax*100

2008 2009 2010 2011 2012

Long-term debt 251 255 391 731 736
Net profits after tax 232 256 255 221 289
108% 100% 153% 331% 255%

This means the company has more long-term debt than the income it is generating.

n. Operating efficiency = Operating expenses/Revenue*100

Operating expenses = Revenue – Operating Income

2008 2009 2010 2011 2012

Revenue 5472 5960 6601 8351 8256
Operating revenue 524 534 565 694 721

Operating expense 4948 5426 6036 7657 7535

 Operating efficiency 90% 91% 91% 92% 91%

o. Based upon the above calculations, it can be inferred that the company is doing good and having
sound operations.

15-2

a.