ValleMiramar has the following data: Net sales, P1.8 M; Costs of Goods Sold , P 1.08; Operating Expenses, P 315,000; Earning’s before interests and profit, P405,000; Net income, P195,000; Total Stockholders’ Equity P.75M; Total Assets P 1M. . The return on investment is: a. 22.5% b. 26.5% c. 19.5% d. 40.5% 2. Refer to no. 1 the debt. and operating ratio are a. .25 and .775 c. .25 and .175 b. .75 and .775 d. .75 and .175
1. ValleMiramar has the following data:
Net sales, P1.8 M; Costs of Goods Sold , P 1.08; Operating Expenses, P 315,000; Earning’s before interests and profit, P405,000; Net income, P195,000; Total
a. 22.5% b. 26.5% c. 19.5% d. 40.5%
2. Refer to no. 1 the debt. and operating ratio are
a. .25 and .775 c. .25 and .175
b. .75 and .775 d. .75 and .175
3. Extracts from the balance sheet ( 000,000 ) of A Co. as follows:
Current Assets
Merchandise Inventory P 77.1
Accounts Receivable 50.1
Cash on Hand and in 85.0
Creditors: Amounts falling due
within one year 70.2
Bank Overdraft
Other Creditors 147.0
What is the
Current ratio Acid test ratio
a. .96 .38
b.96 .36
c. .98 .61
d. .98 .62
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