ADMU Financial Statement Analysis

Compute for the missing values from 2018-2020. Do not forget to interpret what you think about the companys performance given the data and added computations
FINANCIAL STATEMENT ANALYSIS
What can you say about the performance of the firm?
THE FIRM (BALANCE SHEET)
2018
2019
2020
ASSETS
Current Assets
Cash
Accounts Receivable
Inventory
Total Current Assets
702,750
500,000
700,000
1,902,750
1,490,125
300,000
700,000
2,490,125
1,362,500
700,000
1,000,000
3,062,500
Non-Current Assets
Land
Building (Gross)
Less: Accumulated Depreciation
Building (Net Book Value)
Machine (Gross)
Less: Accumulated Depreciation
Machine (Net Book Value)
Total Non-Current Assets
3,000,000
3,000,000
150,000
2,850,000
3,000,000
300,000
2,700,000
8,550,000
3,000,000
3,000,000
300,000
2,700,000
3,000,000
600,000
2,400,000
8,100,000
3,000,000
3,000,000
450,000
2,550,000
3,000,000
900,000
2,100,000
7,650,000
TOTAL ASSETS
10,452,750
10,590,125
10,712,500
LIABILITIES
Current Liabilities
Accounts Payable
Taxes Payable
Total Current Liabilities
1,000,000
51,750
1,051,750
1,100,000
8,625
1,108,625
1,200,000
3,000
1,203,000
Long Term Debt
TOTAL LIABILITIES
CAPITAL
The Firm Capital, Beginning
Add: Net Income
Less: Drawing
The Firm Capital, Ending
TOTAL LIABILITIES AND CAPITAL
–
–
–
1,051,750
1,108,625
1,203,000
8,918,000
483,000
9,401,000
80,500
9,481,500
28,000
9,401,000
9,481,500
9,509,500
10,452,750
–
10,590,125
–
10,712,500
–
2018
2019
2020
7,000,000
4,900,000
2,100,000
6,900,000
5,175,000
1,725,000
7,500,000
5,850,000
1,650,000
INCOME STATEMENT
Sales
Less: Cost of Goods Sold
Gross Profit
Less: Operating Expenses
Selling and Marketing Expenses
Administrative Expenses
Depreciation Expense *
Total Operating Expenses
Operating Income
Less: Interest Expense
Income Before Tax
Less: Tax
Net Income After Tax
400,000
500,000
150,000
1,050,000
1,050,000
360,000
690,000
207,000
483,000
500,000
600,000
150,000
1,250,000
475,000
360,000
115,000
34,500
80,500
500,000
600,000
150,000
1,250,000
400,000
360,000
40,000
12,000
28,000
2018
2019
2020
* does not include P300,000 depreciation in CGS
Financial Ratios (Indices)
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Return on Assets
Return on Equity
Current Ratio
Acid test Ratio
Days Receivables (days)
Days Inventory (days)
Debt Ratio
Fixed Asset Turnover Ratio
Total Asset turnover Ratio

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