MAIN WRITTEN TES T

LEMBAG A PENDIDIKAN DAN PENGEMBANG AN

PROFESI INDONESIA
MID TEST EVEN SEMESTER YEAR OF ACADEMIC 2020 -2021

Subject : Financial Management Type : Close Book

Program : Computerized Accounting Time : 100 minutes
Class : KA-S18 Lecturer : Ida Asmarini, S.E.,
M.M.
Semester : 1 Credit : 2SKS

General Rules:

 Pray before doing the test!

 Read the problems carefully and ask the supervisor in case of unclear instruction!
 Cheating will lead to elimination!
 Keep the problem sheets clean and pass them to the supervisor together with your
answer sheets!

The following is the financial statement corporate :

GLOBAL CORPORATION
BALANCE SHEET
ASSETS 2018 2019
CASH 9,000.00 500.00
ACCOUNT RECEIVABLE 12,500.00 16,000.00
INVENTORY 29,000.00 45,500.00
CURRENT ASSET TOTAL 50,500.00 62,000.00

LAND & BUILDING 20,000.00 26,000.00

MACHINE 70,000.00 100,000.00
DEPRECIATION ACCUMULATION (28,000.00) (38,000.00)
FIXED ASSET TOTAL 62,000.00 88,000.00

ASSETS TOTAL 112,500.00 150,000.00

ACCOUNT PAYABLE 10,500.00 22,000.00

BANK PAYABLE 17,000.00 47,000.00
CURRENT LIABILITIES TOTAL 27,500.00 69,000.00

LONG TERM LIABILITIES TOTAL 28,750.00 22,950.00

COMMON STOCK 31,500.00 31,500.00

RETAINED EARNING 24,750.00 26,550.00
EQUITY TOTAL 56,250.00 58,050.00

PASSIVA TOTAL 112,500.00 150,000.00

Educ. Dept. – LP3I Surabaya Page 1 of 2

 GLOBAL CORPORATION
INCOME STATEMENT

2018 2019
SALES 125,000.00 160,000.00
COST OF GOODS SOLD 75,000.00 96,000.00
GROSS PROFIT 50,000.00 64,000.00

EXPENSES
SALES EXPENSES 23,000.00 26,000.00
ADM EXPENSES 15,000.00 21,000.00
EXPENSES TOTAL 38,000.00 47,000.00

EBIT 12,000.00 17,000.00

INTEREST 3,000.00 6,100.00
EBT 9,000.00 10,900.00
TAXES 4,500.00 5,450.00
EAT 4,500.00 5,450.00

Below is the industrial average ratio data for 2019 :

 Current Ratio 1.8
 Debt to Assets Ratio 58 %
 Inventory Turnover 2.5 x
 Gross Profit Margin 38 %
 ROA 4%
Required :
Please you prepare ratio analyze the financial performance for Rosemary Corporation in
2018& 2019.

CAPITAL STRUCTURE CASE

ABC Corp want to decide investment in working capital.
The following are 3 choices of financial alternative:
1. Current assets 40 % from sales ( Restricted)
2. Current assets 50 % from sales ( Moderate )
3. Current assets 60 % from sales ( Relaxed )
ABC Corp has Fixed assets $ 2,000,000 & liabilities to assets total ratio = 60%.
PT Intercontinental will expect sales $ 5,000,000 with EBIT 20 % from sales.
Taxes 10 % & interest rate 10 %
Required:
Please, you are calculated & choice the best alternative by ROE.

******
 KEJUJURAN adalah kunci kesuksesan Anda 
Selamat Mengerjakan Semoga Sukses !!!!

Educ. Dept. – LP3I Surabaya Page 2 of 2