GRADE 12

Worksheet in FABM2
Week 4
Name: Kiarra Nicel R. De Torres Teacher: Mrs. Marissa Valle CODE #45
Grade & Section: 12 ABM-B Date Accomplished: December 6,2021

Learning Task 1
Problem: The Statement of Comprehensive Income of Aeris Company is
reproduced below:

Required: Perform horizontal and vertical analysis for Aeris Company.

Horizontal Analysis for Aeris Company

12/31/20M4 12/31/20M3 Peso Change % Change

Cash and Cash Equivalents 12250 10470 ₱ 1,780 17%

Receivables 9065 8055 1,010 12.54%
Inventory 6620 5300 1,320 24.91%
Prepaid Expenses 8545 10600 (2,055) (19.39%)
Total Current Assets 36480 34425 2,055 5.97%
Other Assets 92500 78685 13,815 17.56%
Total Assets 128980 113110 P 15,870 14.03%
Total Current Liabilities 36150 42335 ₱ (6,185) (14.61%)
Long-term Liabilities 23990 18960 5,030 26.53%
Aeris Capital 68840 51815 17,025 32.86%
Total Liabilities and Equity 128980 113110 P 15,870 14.03%

Vertical Analysis for Aeris Company

12/31/20M4 Percent 12/31/20M3 Percent

Cash and Cash Equivalents 12250 9.5% 10470 9.3%

Receivables 9065 7% 8055 7.1%
Inventory 6620 5.1% 5300 4.7%
Prepaid Expenses 8545 6.6% 10600 9.4%
Total Current Assets 36480 28.3% 34425 30.4%
Other Assets 92500 71.7% 78685 69.6%
Total Assets 128980 128.2% 113110 130.5%
Total Current Liabilities 36150 28% 42335 37.4%
Long-term Liabilities 23990 18.6% 18960 16.8%
Aeris Capital 68840 53.4% 51815 45.8%
Total Liabilities and Equity 128980 100% 113110 100%
 12/31/20M4 Percent

Net Sales 104705 100%

Cost of Goods Sold 32275 30.8%
Gross Profit 69430 66.3%
Selling and General Expenses 48140 46%
Operating Income 21290 20.3%
Interest Expense 1050 1%
Net Income 20240 19.3%

Learning Task 2
Multiple Choice Problems:
(For numbers 1 to 5) The financial statement of Aeris Company were given above
(Please refer to Learning Task 1).

1. Which statement best describes Aeris Company’s acid-test ratio?

a. Greater than 1 c. Less than 1
b. Equal to 1 d. None of the above

2. Aeris Company’s inventory turnover during 12/31/20M4 was (amounts rounded)

a. 6 times c. 8 times
b. 7 times d. not determinable from the data given

3. During 12/31/20M4, Aeris Company’s days’ sales in receivables ratio was

(amounts rounded)
a. 34 days c. 32 days
b. 30 days d. 28 days

4. Which measure expresses Aeris Company’s times-interest-earned ratio?

(amounts rounded)

a. 54.7% c. 34 times
b. 20 times d. 32 times

5. Aeris Company’s rate of return on equity can be described as

a. 33.55% c. 35.29%
b. 16.72% d. None of the above

Learning Task 3
Alternate Response: Write T if the statement is correct and F if the statement
is wrong. Erasures means wrong.

T 1.All cash receipts should be deposited in the bank at the end of the day.

T 2.Simplest bank account is the savings account.

T 3.Time deposit accounts are investment placements wherein the depositor

agrees not to withdraw the funds over the contracted period.

T 4.Deposit slip is a bank form filled up by the depositor to document a deposit

transaction.

T 5. Account number is the number identifier provided by the bank to clients

Deposit Slip Preparation

Today, July 16, 2021, you are going to deposit to the bank account of Juana Dela Cruz
with an account number of 396-1-355860217 with the following denomination: 4 pcs
P1000; 3 pcs P200; 5 pcs P100; 2pcs. P50 and 1pc. P20. Use the provided slip below or
you may secure copy of deposit slip from the bank.

Withdrawal Slip Preparation

Today, November 24, 2021, you are going to withdraw P25,000 from your Banco De Oro
(BDO) savings account with bank account number 780234566 by filling up the
provided form below or you may secure withdrawal slip from the bank:
Deposit Slip Preparation

3 9 6 1 3 5 5 8 6 0 2 1 7
Juana Dela Cruz

1,000 2 2,000
200 1 200
100 3 300
50 2 100
20 1 20

₱ 2,620

₱ 2,620
July 16, 2020

Withdrawal Slip Preparation

July 16, 2020

Kiarra Nicel De Torres

780234566

Eight Thousand Only

8,000
Reflection:
Answer the questions briefly:

1. How are you going to identify the business whether operating successfully or not?

We can tell if a business is successful or not based on the amount of money it

generates for the owner and its stakeholders, as well as the owner's ability to
control the business for himself or his family.

2. What are the things needed in opening your own bank account? What type of
account you will choose and why?

If given the opportunity, I would open a savings account because it has the
potential to earn interest and is simple to open and access.

I believe the following items are required when opening my own bank account,
whether online or in person: I may be required to provide specific
documentation to the bank, credit union, or financial institution, or meet specific
eligibility requirements. Certain types of accounts, such as student savings, joint
accounts, or certificates of deposit (CD), may have minimum age requirements or
require the submission of additional documentation. Before I open my preferred
bank account, I believe it is critical that I understand these requirements.

In addition to documents proving my identity, age, or address, I may be required

to make a minimum initial deposit when opening a bank account. A minimum
initial deposit is the amount of money required by the bank when opening a
checking account, savings account, or certificate of deposit.