2020 2019

Cash 10,587,600 8,100,000

Accounts Receivable 8,100,000 9,000,000
Short-term investments 6,930,000 6,300,000
Inventories 4,410,000 4,173,000
Prepaid Expenses 5,400,000 7,020,000
Total Current Assets 35,427,600 34,593,000
PPE 31,000,000 30,000,000
Accumulated Depreciation (13,175,000) (12,000,000)
Total Noncurrent Assets 17,825,000 18,000,000
Total Assets 53,252,600 52,593,000

Accounts Payable 8,316,000 10,395,000

Accrued Expenses 6,652,800 8,316,000
Mortgage Payable 18,000,000 15,000,000
Total Liabilities 32,968,800 33,711,000
Ordinary Shares, P10 par 9,800,000 9,300,000
APIC 2,010,000 1,860,000
Accumulated profits(deficit) 8,473,800 7,722,000
Total Equity 20,283,800 18,882,000
Total Liabilities and Equity 53,252,600 52,593,000

Sales 37,200,000
Cost of Sales 20,460,000
Operating expenses 11,904,000
Interest Expense 2,232,000
Other Income (530,000)
Taxes 622,200
Net Income 1,451,800

An equipment costing P1,500,000 with an accumulated depreciation of P720,000 was sold for P250,000. Dividends were
declared and paid for 2020.

Solve for the following:

1. Horizontal Analysis
2. Common Size Statements for both years
3. Financial Ratios:
Current Ratio Sales to Fixed Assets
Quick ratio Capital Intensity Ratio
Cash flow liquidity ratio Debt Ratio
Defensive Interval Ratio Equity Ratio
Receivable Turnover Debt to Equity Ratio
Average Collection Period Times Interest Earned
Inventory Turnover Gross Profit Margin
Days Supply in Inventory Operating Profit Margin
Current Assets Turnover Return on Net Sales
Payable Turnover Return on Equity
Assets Turnover Return on Assets
4. Cash Flow from Operations
5. Cash Flow from Investing Activities
6. Cash flow from Financing Activities