MANDALUYONG CORPORATION

COMPARATIVE STATEMENT OF FINANCIAL POSITION

ASSETS 2022 2021

Cash and Cash Equivalents 10,000,000.00 15,000,000.00
Marketable Securities (Short Term Investment) - 65,000,000.00
Accounts Receivable 375,000,000.00 315,000,000.00
Inventories 615,000,000.00 415,000,000.00
Total Current Assets 1,000,000,000.00 810,000,000.00

Property Plant and Equipment (Net) 1,000,000,000.00 870,000,000.00

Total Assets 2,000,000,000.00 1,680,000,000.00

LIABILITIES and EQUITY

Accounts Payable 60,000,000.00 30,000,000.00
Notes Payable 110,000,000.00 60,000,000.00
Accrued Expenses 140,000,000.00 130,000,000.00
Total Current Liabilities 310,000,000.00 220,000,000.00

Long Term Liabilities

Bonds Payable 754,000,000.00 580,000,000.00

Total Liabilities 1,064,000,000.00 800,000,000.00

Ordinary Share (50,000,000 shares) 130,000,000.00 130,000,000.00

Preference Share (400,000 shares) 40,000,000.00 40,000,000.00
Retained Earnings 766,000,000.00 710,000,000.00
Total Equity 936,000,000.00 880,000,000.00
Total Liabilities and Equity 2,000,000,000.00 1,680,000,000.00

Additional Information
Common stock price 23.00 26.00
Earnings Per Share 2.27 2.36
Book Value Per Share 17.92 16.80
Cash Flow Per Share 4.27 4.16

Requirements:
Compute for the following:
LIQUIDITY RATIO Industry Average 2022
1. Current Ratio 4.20 3.23
2. Quick Ratio 2.10 1.24
Asset Management
3. Inventory turnover 9.00 5.83
4. Days Sales Outstanding 36.00 41.98
4. Fixed Assets Turnover 3.00 3.21
5. Total assets turnover 1.80 1.63

Debt Management
6. Debt Ratio 40% 53.20%
7. Time interest earned 6.00 3.23

Profitability
8. Profit Margin on Sales 5.00% 9.46%
9. Basic Earning Power 17.20% 14.19%
10. Return on total assets 9.00% 6.39%

Market Value
11. Price Earnings per Share 12.50 10.13
MANDALUYONG CORPORATION
COMPARATIVE STATEMENT OF FINANCIAL PERFORMANCE

Net Sales
Operating Costs excluding depreciation and amortization
Earnings before Interest, Taxes, Depreciation and Amortization

Depreciation
Amortization
Total
Earnings before interest and Taxes
Less: Interest
Earnings before taxes
Taxes
Net Income before Preference Share
Dividend (Preference Share)
Net Income
Less: Dividend (Ordinary Share)
Addition to Retained Earnings
 2022 2021
3,000,000,000.00 2,850,000,000.00
2,616,200,000.00 2,497,000,000.00
383,800,000.00 353,000,000.00

100,000,000.00 90,000,000.00
- -
100,000,000.00 90,000,000.00
283,800,000.00 263,000,000.00
88,000,000.00 60,000,000.00
195,800,000.00 203,000,000.00
78,300,000.00 81,200,000.00
117,500,000.00 121,800,000.00
4,000,000.00 4,000,000.00
113,500,000.00 117,800,000.00
57,500,000.00 53,000,000.00
56,000,000.00 64,800,000.00