Feir Alexa Mae C. Final Exam Financial Analysis and Reporting

SAN SEBASTIAN COLLEGE RECOLETOS- MANILA
FINAL EXAMINATION- FINANCIAL ANALYSIS AND

REPORTING
NAME: Feir, Alexa Mae C. LEVEL/SECTI | BSBA-BM
ON:
TEACHE Ms. Rowena Macabasco-Subaran , DATE: Nov. 23,
R: LPT,MBA 2020
Test I. Multiple Choices

1. B 6. D 11. C
2. D 7. C
3. B 8. A
4. C 9. C
5. D 10. B
Test II. Problems
1. Solution
DELTA MANUFACTURING
Sales Budget
For the Quarter Ended June 30, 2013
Coastal Division April May June Total
Expected unit sales $10,000 16,000 24,000 50,000
Unit selling price $15 $15 $15 $15
Total Sales $150,000 $240,000 $360,000 $750,000
Central Division
Expected unit sales 15,000 24,000 36,000 75,000
Unit Selling Price $12 $12 $12 $12
Total Sales $180,000 $288,000 $432,000 $900,000
Total Company
Expected unit sales 25,000 40,000 60,000 125,000
Total Sales $330,000 $528,000 $792,000 $1,650,000
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2. Solution
BUTLER MANUFACTURING
Direct Materials Budget- Regular
For the Quarter Ended September 30, 2015
July August September Total
Units to be produced 10,000 6,000 9,000
Direct materials per unit x2 x2 x2
Total pounds needed for production 20,000 12,000 18,000
Add: Desired ending direct materials 3,600 5,400 4,800
(pounds)
Total materials required 23,600 17,400 22,800
Less: Beginning direct materials 6,000 3,600 5,400
(pounds)
Direct materials purchases 17,600 13,800 17,400
Cost per pound x $5 x $5 x $5
Total cost of direct materials $88,000 $69,000 $87,000 $244,000
purchases
*30% x (8,000 x 2)
BUTLER MANUFACTURING
Direct Materials Budget- Deluxe
For the Quarter Ended September 30, 2015
July August September Total
Units to be produced 15,000 10,000 14,000
Direct materials per unit x5 x5 x5
Total pounds needed for production 75,000 50,000 70,000
Add: Desired ending direct materials 10,000 14,000 12,000
(pounds)
Total materials required 85,000 64,000 82,000
Less: Beginning direct materials 15,000 10,000 14,000
(pounds)
Direct materials purchases 70,000 54,000 68,000
Cost per pound x $8 x $8 x $8
Total cost of direct materials $560,000 $432,000 $544,000 $1,536,000
purchases
*20% x (12,000 x 5)
3. Solution
SHEP COMPANY
Selling and Administrative Expense Budget
For the Quarter Ended March 31, 2013
Variable expenses
Sales commissions ($600,000 x 6%) $ 36,000
Delivery expense ($600,000 x 2%) 12,000
Advertising ($600,000 x 4%) 24,000
Total Variable 72,000
Fixed expenses
Sales Salaries $ 24,000
Office Salaries 19,000
Depreciation 6,000
Insurance 2,000
Utilities 1,000
Total Fixed 52,000
Total Selling and Administrative Expenses $ 124,000
Test III. Horizontal and Vertical Analysis
SUBARAN CORPORATION
COMPARATIVE INCOME STATEMENT
December 31, 2019 and 2020
VERTICAL ANALYSIS
All values PHP Millions.
2020 Percentag 2019 Percentag
e e
Sales/Revenue 379,508 100% 348,413 100%
Less: Cost of Goods Sold (COGS) 241,977 63.76% 226,910 65.13%
Gross Profit 137,531 36.24% 121,503 34.87%
Less: SG&A Expenses (Selling, General & 69,253 18.25% 61,675 17.70%
Administrative Expenses)
Other Operating Expenses 9,409 2.48% 6,943 1.99%
EBIT (Earnings Before Interest and Taxes) 58,869 15.51% 52,885 15.18%
Less: Unusual Expense -296 -0.08% -15 -0.004%
Add:
Non-operating Income/Expense 469 0.12% -260 -0.07%
Non-operating Interest Income 4,004 1.06% 3,726 1.07%
Equity in Affiliates (Pretax) 16,641 4.38% 14,980 4.30%
Less: Interest Expense 14,988 3.95% 12,029 3.45%
Pretax Income 65,291 17.20% 59,317 17.02%
Less: Income Tax 13,773 3.63% 11,558 3.32%
Add: Equity in Affiliates 0 0.0% 0 0%
Consolidated Net Income 51,518 13.57% 47,759 13.71%
Less: Minority Interest Expense 18,595 4.90% 16,554 4.75%
Net Income 32,923 8.68% 31,205 8.96%
Interpretation:
Subaran Corporations’ sales increased in the year 2020 as you can see in the
table presented above. The vertical analysis shows that in the year 2020, the company’s
cost of goods sold decreased by 1.37% compared to the last year. It also shows the
company’s gross profit increased by 1.37%. Earnings Before Interest and Taxes of the
company increased by 0.33% compared to the last year. Subaran Corporations’
expenses are much bigger in the year 2020 than last year. As you can see from the
table, unusual expenses increased by 4% by the year 2020. The interest expense of
Subaran Corporation also shows a huge amount of increase by the year 2020. This
change could be driven by higher expenses. We can clearly and quickly see that
Subaran Corporations’ expenses are a big issue.
SUBARAN CORP.
COMPARATIVE BALANCE SHEET
December 31, 2020 and 2019
HORIZONTAL ANALYSIS
All values PHP Millions

ASSETS 2020 2019 Amoun Percentag
t e
Current Assets:
Cash 74,369 75,158 -789 -1.05%
Short-term Investments 16,381 27,930 -11,549 -41.35%
Accounts Receivables 43,074 42,193 881 2.09%
Inventories 59,126 58,295 831 1.45%
Other Current Assets 19,565 15,518 4,047 26.08%
Total Current Assets 212,515 219,09 -6,579 -3%
4
Non-current Assets:
Plant, Property and Equipment 99,050 78,302 20,748 26.50%
Less: Accumulated Depreciation 37,531 33,526 4,005 11.95%
Net PPE 61,519 44,776 16,743 37.40%
Total Long-term Investments and 587,090 518,98 68,109 13.12%

Advances 1
Long-Term Note Receivable 22,253 17,403 4,850 27.87%
Intangible Assets 25,591 25,712 -121 -0.47%
Other Assets 48,622 32,969 15,653 47.48%
Total Non-current Assets 745,075 639,84 105,234 16.45%
1
TOTAL ASSETS 957,590 858,93 98,655 11.49%

5
LIABILITIES
Current Liabilities:
Short Term Debt 24,173 13,988 10,185 72.81%
Current Portion of Long-term Debt 40,297 25,602 14,695 57.40%
Accounts Payable 60,400 54,190 6,210 11.46%
Income Tax Payable 1,884 2,684 -800 -29.80%
Other Current Liabilities 49,100 38,372 10,728 27.96%
Total Current Liabilities 175,854 134,83 41,018 30.42%
6
Non-current Liabilities:
Long-term Debt 292,556 280,25 12,302 4.39%
4
Deferred Taxes 5,540 5,360 180 3.36%
Other Liabilities 29,828 23,738 6,090 25.66%
Total Non-current Liabilities 327,924 309,35 18,572 6%
2
TOTAL LIABILITIES 503,778 444,18 59,590 13.41%

8
EQUITY
Total Shareholders' Equity 328,133 300,48 27,650 9.20%
3
Accumulated Minority Interest 125,679 114,26 11,415 9.99%
4
TOTAL EQUITY 453,812 414,74 39,065 9.42%
7
TOTAL LIABILITIES AND EQUITY 957,590 858,93 98,655 11.49%

5
Interpretation:
Cash of Subaran Corporation decreased from -1.05% compared to the last year
as well as the short-term investments decreased an amount of -41.35%. The remaining
current assets increased as a percent of total current assets. Intangible assets
decreased as a percent of total non-current assets. Plant, property and equipment,
accumulated depreciation, long-term investments and advances, long-term note
receivable, and intangible assets increased slightly. Other assets had a notable
increase compared to last year, as you can see, it shows a 16.45% increased. Short-
term debt, current portion of long-term debt increased along with the accounts payable,
and other current liabilities. Long-term debt increased significantly compared to last year
of 4.39%. Deferred taxes increased by 3.36% as well as other liabilities increase by
25.66%. Total shareholders' equity increased by 9.20%. Accumulated Minority Interest
had a notable increase of 9.99% compared to the last year as well as the total equity
and total liabilities and equity.
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SAN SEBASTIAN COLLEGE RECOLETOS- MANILA

FINAL EXAMINATION- FINANCIAL ANALYSIS AND

Test I. Multiple Choices

All values PHP Millions

Total Long-term Investments and 587,090 518,98 68,109 13.12%

TOTAL ASSETS 957,590 858,93 98,655 11.49%

TOTAL LIABILITIES 503,778 444,18 59,590 13.41%

TOTAL LIABILITIES AND EQUITY 957,590 858,93 98,655 11.49%

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