INSTRUCTION: SHOW HERE YOUR SOLUTION AND IN ANSWERING, ALSO SHOW NECESSARY FORMULA.

AND AFTER THAT WRITE YOUR FINAL ANSWER ON THE SHEET PROVIDED.

REMINDER: I WILL KNOW IF YOU JUST USE THE POWER OF CTRL C AND CTRL V. ANSWER IT BASE ON YOUR LEARNINGS FROM
SE ON YOUR LEARNINGS FROM THE MODULE :)
LEARNING TASK NO. 2
60 POINTS

POINTS
2PTS

6PTS

3 PTS

3 PTS

2 PTS

3 PTS

2 PTS

2 PTS

2 PTS

2 PTS

2 PTS
3 PTS

2 PTS

2 PTS

6 PTS

2 PTS

14 PTS
LEARNING TASK NO. 2

WHAT TO FIND:
1. NET INCOME:
2019
2020

2. COMPUTE FOR THE FOLLOWING:

A. TOTAL CURRENT ASSETS:
B. TOTAL QUICK ASSETS:
C. TOTAL CURRENT LIABILITIES:
D. WORKING CAPITAL:
E. CURRENT RATIO:
F. ACID- TEST RATIO:

3. COMPUTE FOR THE FOLLOWING:

A. ACCOUNTS RECEIVABLE TURNOVER:
B. AVERAGE AGE OF RECEIVABLES:
C. GROSS PROFIT:

4. COMPUTE FOR THE FOLLOWING:

A. ACCOUNTS RECEIVABLE TURNOVER:
B. AVERAGE AGE OF RECEIVABLES:
C. TOTAL SALES:

5. COMPUTE FOR THE FOLLOWING:

A. INVENTORY TURNOVER 2019:
B. AVERAGE AGE OF INVENTORY:

6. COMPUTE FOR THE FOLLOWING:

A. INVENTORY TURNOVER 2019:
B. AVERAGE AGE OF INVENTORY:
C. GROSS PROFIT:

7. COMPUTE FOR THE AMOUNT OF ESTIMATED INVENTORY:

8. COMPUTE FOR CLAUDINE'S NET SALES FOR THE YEAR:

9. WHAT WAS THE GORSS MARGIN FOR 2019 ?

10. COMPUTE FOR DIVIDEND YIELD:

11. WHAT IS THE NET INCOME?

12. COMPUTE FOR THE BOOK VALUE PER SHARE:

13. WHAT WAS THE TIMES-INTEREST EARNED FOR 2019 ?

14. COMPUTE FOR THE FOLLOWING:

A. PRICE EARNINGS- RATIO:
B. DIVIDEND PAY-OUT RATIO:

15. PREPARE A COMMON SIZE INCOME STATEMENT FOR 2019 AND 2018 USING VERTICAL ANALYSIS:

16. COMPUTE RETURN IN ORDINARY EQUITY, ROUNDED TO THE NEAREST PERCENTAGE POINT:

17. A. COMPUTE FOR THE FOLLOWING:

  i.      Gross margin percentage
  ii.      Current ratio
  iii.      Acid-test or quick ratio
iv.      Accounts receivable turnover in days
  v.      Inventory turnover in days
   vi.      Debt to Equity ratio
   vii.      Times interest earned
viii.      Book value per share

B.COMPUTE FOR THE FOLLOWING:

i.      Earnings per share
  ii.      Dividend pay-out ratio
  iii.      Dividend yield ratio
  iv.      Price-earnings ratio

C. COMPUTE FOR THE FOLLOWING:

  i.      Return on total assets
  ii.      Return on ordinary shareholder’s equity.
ANSWERS:

600,000
5,500,000

595,000
440,000
244,000
351,000
2.44 times
1.80times

10times
36.5 days or 37days
1,500,000

5 times
73 days
1,740,000

6 times
60.83 days or 61 days

3.57 times
102.24 days or 102 days
300,000

840,000

800,000

150,000

7.50%
 3.69

2019 % 2018 %
Sales
Less Cost of Goods Sold
Gross Margin
Less Operating expenses
Net operating income
Less interest expenses
Net income before taxes
Less income taxes (30%)
Net income

40%
400,000
181,000
26 days
4.5 days
62.50%
6 times