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FS Analysis Laboratory Exercise
FS Analysis Laboratory Exercise
2017 2016
ASSETS
Current assets
Cash and cash equivalents 600,000 500,000
Trade accounts receivable 90,000 120,000
Merchandise inventory 216,000 180,000
Other current assets 20,000 10,000
Total current assets 926,000 810,000
Noncurrent assets
Property, plant and equipment, net 1,100,000 1,200,000
Intangible assets, net 750,000 800,000
Investment in A Company 2,120,000 1,890,000
Total noncurrent assets 3,970,000 3,890,000
Current liabilities
Trade accounts payable 100,000 125,000
Current portion of a long-term debt 20,000 30,000
Current income tax payable 60,000 80,000
Total current liabilities 180,000 235,000
Noncurrent liabilities
Bonds payable 1,000,000 1,300,000
Total noncurrent liabilities 1,000,000 1,300,000
Shareholders' equity
Ordinary share capital, P15 par 2,000,000 2,000,000
Ordinary share premium 80,000 80,000
Unappropriated retained earnings 1,636,000 1,085,000
Total shareholders' equity 3,716,000 3,165,000
Sales 1,817,143
Less: Sales returns 50,000
Sales discounts 80,000
Net Sales 1,687,143
Less: Cost of goods sold 500,000
Gross Profit 1,187,143
Less: Total operating expenses 400,000
Net Income before tax 787,143
Less: Income tax expense 236,143
Net Income after tax 551,000
FROM THE FINANCIAL STATEMENTS GIVEN, ANSWER THE FOLLOWING QUESTIONS:
Guidelines:
1 Type your answers in the yellow spaces provided. Since the excel sheet is locked,
2 In case your answer has decimals, round it off to two decimal places.
3 DO NOT TYPE ANY COMMAS. However, you need to type the decimal point
4 If the cell says CORRECT! , your answer is correct and you may move on to the next
5 You may only leave the laboratory once all answers are CORRECT!
6 If your answer in any of the items is zero, type 0.01.
36,000.00 CORRECT!
- 50,000.00 CORRECT!
- 25,000.00 CORRECT!
- 300,000.00 CORRECT!
0.01 CORRECT!
2000.00% % CORRECT!
8.33 % CORRECT!
25.00 % CORRECT!
23.08 % CORRECT!
100.00 % CORRECT!
5.14 CORRECT!
3.83 CORRECT!
2.64 CORRECT!
70.36 % CORRECT!
32.66 % CORRECT!
53.34 % CORRECT!
0.32 CORRECT!
0.48 CORRECT!
21.18 % WRONG:(
11.25 % CORRECT!
- 338,622.38
OUT