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WorksheetsQuarter 2 Acctg. 2 PT1
Total questions: 16
Worksheet time: 20mins
Example of Compensation Income?
13th month pay
Goodwill
Interest
Utility
In Item number 15 do you insert or input _____?
Number
Birthday
Contact Number
Control Number
Deadline Final Adjustment Return or Annual Income Tax Return?
20th day of April
15th day of April
5th day of April
25th day of April
______ Mark “X” the appropriate box that indicates your Civil Status?
Item 15
Item 16
Item 17
Item 20
_____Indicate if your income is exempt from income tax or not. If yes, fill out also
consolidation of ALL Activities per Tax Regime on Part X?
Item 19
Item 18
Item 20
Item 17
______Enter your TIN or Taxpayer Identification Number?
Item 2
Item 3
Item 4
Item 5
______Tax filer’s name?
Item 7
Item 8
Item 10
Item 9
To provide taxpayers with an alternative mode of
preparing and filing tax returns in such a way it is easier and more convenient?
BIR
Electronics
Electronic BIR Forms
EForms
Is the process of evaluating risks, performance, financial health, and future prospects of a business?
Financial Health Ratios
Profitability ratios
Ratio analysis
Financial Statement (FS) Analysis
Is used to evaluate
the company’s liquidity?
Debt Ratio
Quick Ratio
Interest Coverage
Current Ratio
Is a stricter measure of
liquidity. It does not consider all
the current assets?
Quick Ratio
Debt Ratio
Interest Coverage Ratio
Current Ratio
Reports the peso value of the gross profit earned for every peso of
sales?
Gross profit ratio
Net Profit Ratio
Return Asset
Current Ratio
Two acceptable denominators for ROA?
Current ratio and Debt Ratio
Current Asset and Bad Debt
Ending balance
of total assets or Average of total assets.
Start Balance and Total Balance
Expresses the relationship among selected items of financial statement
data?
Current Analysis
Profitability Analysis
Ratio Analysis
Financial Analysis
Relates the peso value of the net income earned to every peso of sales.
This shows how much profit will go to the owner for every peso of sales made?
Net profit ratio
Current Ratio
Revenue Analysis
Data Analysis
Using the balances from Iyahmra Company’s statement, solve the financial ratios below.
IyahmRa Company
2019
Cash P32,500.00
Accounts receivable, net
Beginning of year 14,500.00
End of year 17,500.00
Inventory
Beginning of year 12,500.00
End of year 14,500.00
Total current assets 91,500.00
Total current liabilities 44,000.00
Total liabilities 98,000.00
Net Sales on account 434,000.00
Cost of goods sold 155,000.00
Gross Profit 409,000.00
Net Income 84,000.00
Total Owner's Equity P265,000.00
Find the following ratios:
1. Current Ratio
2. Quick Ratio
3. Account Receivable Turnover Ratio
4. Inventory Turnover Ratio
5. Gross Profit Ratio
6. Net Profit Ratio
7. Debt to Equity Ratio
