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  • DanielSetiawan

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    Daniel Setiawanawan
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    The document provides financial information for Daniel Setiawan for 2021 and 2022. It includes current ratios, acid test ratios, inventory turnover, and return on assets for both years. It also lists the percentage increases or decreases in sales revenue, cost of goods sold, gross margin, and net income after tax from 2021 to 2022. The current ratio improved from 2.018927 in 2021 to 2.457317 in 2022, indicating stronger current assets relative to current liabilities. The acid test ratio and inventory turnover also improved from 2021 to 2022. Return on assets increased from 0.173228 in 2021 to 0.203758 in 2022. Sales revenue increased by 0.111111% while

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    The document provides financial information for Daniel Setiawan for 2021 and 2022. It includes current ratios, acid test ratios, inventory turnover, and return on assets for both years. It also lists the percentage increases or decreases in sales revenue, cost of goods sold, gross margin, and net income after tax from 2021 to 2022. The current ratio improved from 2.018927 in 2021 to 2.457317 in 2022, indicating stronger current assets relative to current liabilities. The acid test ratio and inventory turnover also improved from 2021 to 2022. Return on assets increased from 0.173228 in 2021 to 0.203758 in 2022. Sales revenue increased by 0.111111% while

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    3 views3 pages

    DanielSetiawan

    Uploaded by

    Daniel Setiawanawan
    The document provides financial information for Daniel Setiawan for 2021 and 2022. It includes current ratios, acid test ratios, inventory turnover, and return on assets for both years. It also lists the percentage increases or decreases in sales revenue, cost of goods sold, gross margin, and net income after tax from 2021 to 2022. The current ratio improved from 2.018927 in 2021 to 2.457317 in 2022, indicating stronger current assets relative to current liabilities. The acid test ratio and inventory turnover also improved from 2021 to 2022. Return on assets increased from 0.173228 in 2021 to 0.203758 in 2022. Sales revenue increased by 0.111111% while

    Copyright:

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    of 3

    Name: Daniel Setiawan

    NIM: 2502038141
    a. Current assets: Cash + Note receivables + Account receivables + Inventories
    Current assets of 2021: 320000
    Current assets of 2022: 403000
    Current liabilities: Account payable + Notes payable + Accrued liabilities
    Current liabilities of 2021: 158500
    Current liabilities of 2022: 164000
    Current ratio: Current assets/Current liabilities
    Current ratio of 2021: 2.018927
    Current ratio of 2022: 2.457317

    Acid test ratio: (Current assets - Inventories)/Current liabilities


    Acid test ratio of 2021: 1.70347
    Acid test ratio of 2022: 1.817073

    Inventory turnover: COGS/Average inventory


    For 2022:
    Average turnover: 77500
    Inventory turnover: 19.74194

    Return on assets: Net income * 100 / Average total assets


    Average total assets of 2021: 1714500
    Average total assets of 2022: 1796250
    Return on assets of 2021: 0.173228
    Return on assets of 2022: 0.203758

    Percentage increase / Decrease


    Sales revenue: 0.111111
    Cost of goods sold: 7.368421
    Gross margin: 15.29412
    Net income after tax: 0.232323
    ALMADEN CG
    Balance sheet
    31-Dec-22
    Assets
    Current assets
    Cash 271000
    Account receivable 510000
    Less allowance for doubtful accounts -30000
    Notes receivavle 162300
    Inventories 645100
    Prepaid expense 62400
    Total current assets 1620800

    Long-term investment
    Investment in land 185000
    Cash surrender value of life insurance 84000
    Cash restricted for plant expansion 300000

    Property, plant, and equipment


    Plant and equipment 5560000
    Less accumulated depreciation -1430000
    Land 446200

    Intangible assets
    Goodwill at cost 252000
    Total assets 7018000

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