COLEGIO DE SAN JOSE, JARO, ILOILO CITY, INC.

E. Lopez St., Brgy. Our Lady of Fatima, Jaro, Iloilo City

Contact Numbers: (033) 329-1595 or 329-4151  Fax Number: (033) 329-6629
Member: Daughters of Charity-St. Louise de Marillac Educational System

INTEGRATED BASIC EDUCATION DEPARTMENT

WORKSHEET No. 2
First Quarter – Business Finance
School Year 2023-2024

Name: _________________________________________ Grade 12 :_____

Teacher: Mrs. Lucyl L. Gulmatico Date: ______

I. LEARNING CONTENT: Review of financial statement preparation, analysis and

interpretations

II. LEARNING ACTIVITIES (50 pts):

Task 1-8
Direction: Do as required.

The Grand Store

Comparative Statement of Financial Position
(in thousands)
2022 2021
ASSETS
Current Assets
Cash 180 140
Cash Equivalents 120 100
Accounts Receivable 90 80
Inventory 50 90
Total Current Assets 440 410
Noncurrent Assets
Property, Plant and Equipment 75 80
Total Assets 515 490

LIABILITIES AND SHAREHOLDER’S EQUITY

Current Liabilities 90 120
Long-term Liabilities 140 160
Total Liabilities 230 280
Shareholder’s Equity 285 210
Total Liabilities and Shareholder’s Equity 515 490

The Grand Store

Comparative Statement of Comprehensive Income
(in thousands)
2022 2021
Net Sales 480 385
Less: Cost of Sales 264 212
Gross Profit 216 173
Less: Operating Expenses
Selling expenses 24 19
General Expenses 37 18
Total Operating Expenses 61 37
Income from Operations 155 136
Less: Depreciation Expense 5 5
Earnings Before Interest and Taxes 150 131

SHS Business Finance – First Quarter, Worksheet No. 2 1

 Less: Interest Expense 28 24
Income Before Taxes 122 107
Less: Income Tax (30%) 37 32
Net Income 85 75
Assumptions:
1. All sales were on credit
2. Tax rate is based on corporate tax of 30%
3. Number of days in a year is 365

Required: Complete the table below using the data of The Grand Store.
Ratio Formula Analysis/Interpretation

Liquidity Ratios-measure the firm’s ability to satisfy its short-term obligations

Net Working Capital

Current Ratio

Quick ratio or acid-test ratio

Activity or asset utilization ratios- analyze the operational efficiency of a company in terms of
its business operation; measure a firm’s ability to gain profit from the use of its assets
Accounts Receivable Turnover

Days of sales Outstanding

Inventory Turnover

Average Age of Inventory

Operating Cycle

Total Asset Turnover

Solvency or Leverage or Debt Service Ratios :

solvency-measure the firm’s ability to satisfy long-term debts as they become due
leverage -is the measure of the size of debt in relation to the overall capital structure
Debt-to-Assets Ratio

Debt to Equity ratio

Times Interest Earned Ratio

Profitability or Performance Ratios -measure the firm’s ability to make profits

Gross Profit Margin

Profit Margin

Return on Total Assets

Return on Equity

God bless everyone!

SHS Business Finance – First Quarter, Worksheet No. 2 2