Seatwork 1
PACQ Corporation
Comparative Statement of Financial Position
as of December 31, 2022 & 2023
(in Million Pesos)
Assets: Year 2023 Year 2024
Current Assets:
Cash and Marketable Securities ₱ 120.00 ₱ 100.00
Accounts Receivable 130.00 120.00
Inventories 160.00 180.00
Prepaid Expenses 50.00 50.00
Total Current Assets 460.00 450.00
Non-Current Assets:
Property, Plant & Equipment 1,730.00 1,730.00
Total Non-Current Assets 1,730.00 1,730.00
Total Assets ₱ 2,190.00 ₱ 2,180.00
Liabilities and Stockholders' Equity
Liabilities
Current Liabilities
Accounts Payable ₱ 50.00 ₱ 100.00
Notes Payable 160.00 200.00
Accrued Expenses 60.00 50.00
Total Current Liabilities 270.00 350.00
Non-Current Liabilities
Bonds Payable 280.00 300.00
Total Non-Current Liabilities 280.00 300.00
Total Liabilities 550.00 650.00
Stockholders' Equity
Capital Stock
Preferred Stock, ₱10 par 120.00 120.00
Common Stock, ₱10 par 220.00 220.00
Additional Paid-In Capital - Common Stock 110.00 110.00
Retained Earnings 1,190.00 1,080.00
Total Stockholders' Equity 1,640.00 1,530.00
Total Liabilities and Stockholders' Equity ₱ 2,190.00 ₱ 2,180.00
PACQ Corporation
Statement of Financial Performance
For the year ended December 31, 2023
(in Millions Pesos)
Sales ₱ 2,300.00
Cost of Goods Sold (1,610.00)
Gross Margin 690.00
Selling and Administrative Expenses (270.00)
Net Operating Income 420.00
Interest Expense (30.00)
Net Income Before Income Taxes 390.00
Income Tax 30% (117.00)
Net Income 273.00
Instructions:
1. Compute for the following:
a. Gross Margin Percentage
b. Earnings per share (common stock)
c. Price-earnings ratio
d. Dividend payout ratio
e. Dividend yield ratio
f. Return on total assets
g. Return on total stockholders’ equity
h. Book value per share
2. Show the proper computation written legibly in yellow paper
