WorksheetsFinancial Statement Analysis
Total questions: 8
Worksheet time: 4mins
Using a horizontal analysis, what is the percentage change in Inventory Account for ABC Company that has PHP 200, 000 inventory in 2022 and P HP320 000 in 2023 respectively?
37.5%
60%
50%
45%
Net Sales 250 000
Costs of Goods Sold 185 000
Gross Profit 65 000
Given the data above, how much is the common-size percentage of the COGS for the period?
72%
73%
74%
75%
Comparing the amount of a balance sheet in one year to the amount for the same item in the prior year is called
horizontal analysis
common-size analysis
vertical analysis
ratio analysis
if the current assets are Php 270 000 and the total assets are Php 810 000, what percentage of total assets are current assets?
3.5 percent
30 percent
25 percent
33 percent
This ratio measures the number of times the company was able to sell its entire inventory to customers during the year.
Inventory Turnover Ratio
Acid Test Ratio
Working Capital
Total Asset Turnover
Refers to the company’s ability to satisfy its short-term obligations as they come due.
Solvency
Liquidity
Efficiency
Profitability
How much net sales are generated for every Php 1.00 of assets given the data below?
Net Sales: 55 000
Total Assets: 2023 - 50 000 ; 2022 - 45 000
1.1 times
1.16 times
0.58 times
1.22 times
The company wants to determine how long it is able to sell its inventory. Given the following information can you help the owner determine the number of days it can turn its inventory into sales?
Beginning Inventory - 20 000
Ending Inventory - 10 000
Cost of Good Sold - 50 000
Net Sales - 40 000
73 days
110 days
146 days
292 days
