Tools and techniques to analyze financial statements to compare given items in the Income Statement and Balance Sheet.

• Vertical Analysis

• Ratio Analysis

• Horizontal Analysis

Activity Ratios are also known as Efficiency Ratios.

• False

• Maybe

• True

Net Profit Margin is calculated as the same as Return on Assets.

• False

• Maybe

• True

In evaluating the Income Statement through common-size analysis, the base amount is normally the?

• Net Income

• Sales

• Gross Profit

In a financial statement analysis, expressing all FS items as a percentage of base year amount is called?

• Ratio Analysis

• Common-Size Analysis

• Trend Analysis

Given the Graduated Income Tax Table above, compute for the appropriate tax due if the annual salary amounts to Php 375,000

• Php 52,500.00

• Php 27,500.00

• Php 75,000.00

An individual earned an annual salary of Php 5,585,000.00. What is his income tax due base on the given tax table?

• Php 2,202,500.00

• Php 1,478,000.00

• Php 1,127,000.00

From the following information on the given table, compute for the current ratio for year 2023.

• 2.6

• 1.71

• 1.62

Using the same table, compute for the quick ratio for year 2022.

• 1.700

• 1.142

• 1.125

What is the working capital of the company for the year 2021, base on the given table?

• Php 100,000.00

• Php 120,000.00

• Php 160,000.00