2010 2011

Total Assets ₱ 750,000.00 ₱ 800,000.00

Current Assets ₱ 200,000.00 ₱ 240,000.00
Average Current Assets ₱ 220,000.00
Accounts Receivable (net) ₱ 60,000.00 ₱ 50,000.00
Average Accounts Receivable ₱ 55,000.00
Current Liabilities ₱ 120,000.00 ₱ 150,000.00
Quick Assets ₱ 50,000.00 ₱ 70,000.00
Cash Sales ₱ 550,000.00 ₱ 590,000.00
Credit Sales ₱ 180,000.00 ₱ 150,000.00
Net Sales ₱ 730,000.00 ₱ 740,000.00
Cost of Goods Sold ₱ 320,000.00 ₱ 350,000.00
Inventory ₱ 80,000.00 ₱ 120,000.00
Average Inventrory ₱ 100,000.00
Working Capital ₱ 80,000.00 ₱ 90,000.00
Average Working Capital ₱ 85,000.00
Number of Days 360 360
Prepare the following for the years 2011 and 2012, assuming 360 days a year
a. Current Ratio 1.6
b. Acid Test Ratio 0.5
c. Working Capital to Total Assets 0.1
d. Receivable Turnover 2.7
e. Age of Receivables 132
f. Turnover of Merchandise 3.5
g. Number of days in inventory 103
h. Working Capital Turnover 8.7
i. Current Assets Turnover 3.4
j. Average Collection Ratio of Receivable 132
 2012
₱ 740,000.00
₱ 190,000.00
₱ 215,000.00
₱ 80,000.00
₱ 65,000.00
₱ 170,000.00
₱ 40,000.00
₱ 450,000.00
₱ 180,000.00
₱ 630,000.00
₱ 300,000.00
₱ 89,000.00
₱ 104,500.00
₱ 20,000.00
₱ 55,000.00
360

1.1
0.2
0.03
2.8
130
2.9
125
11.5
2.9
130
 2018 2019
Sales ₱ 255,000.00 ₱ 310,000.00
Sales Return ₱ 5,000.00 ₱ 10,000.00
Net Sales ₱ 250,000.00 ₱ 300,000.00
Cost of Goods Sold ₱ 150,000.00 ₱ 165,000.00
Gross Profit on Sales ₱ 100,000.00 ₱ 135,000.00
Selling and General Expenses ₱ 50,000.00 ₱ 66,000.00
Net Operating Income ₱ 50,000.00 ₱ 69,000.00
Other Expenses ₱ 12,500.00 ₱ 24,000.00
Net Income for the Period ₱ 37,500.00 ₱ 45,000.00
 BOSS COMPANY
COMPARATIVE INCOME STATEMENT
YEAR 2018 and 2019
2018 Percent 2019
Sales ₱ 255,000.00 102% ₱ 310,000.00
Sales Return ₱ 5,000.00 2% ₱ 10,000.00
Net Sales ₱ 250,000.00 100% ₱ 300,000.00
Cost of Goods Sold ₱ 150,000.00 60% ₱ 165,000.00
Gross Profit on Sales ₱ 100,000.00 40% ₱ 135,000.00
Selling and General Expenses ₱ 50,000.00 20% ₱ 66,000.00
Net Operating Income ₱ 50,000.00 20% ₱ 69,000.00
Other Expenses ₱ 12,500.00 5% ₱ 24,000.00
Net Income for the Period ₱ 37,500.00 15% ₱ 45,000.00

VERTICAL ANALYSIS
Percent
103%
3%
100%
55%
45%
22%
23%
8%
15%