Tugas Akuntansi Keuangan

Chapter 15 (Analisis Statemen Keuangan)

E15.3 Garcia SLU

a. Horizontal analysis of the statement of financial position data using 2019 as a base
Garcia SLU
Comparative Condensed Statements of Financial Position
December 31
Percent
Increase
2020 2019 Change
(Decrease)
from 2019
Assets € 24,000 40,000 - 16,000 -40.00%
Intangible assets 100,000 92,000 8,000 8.70%
Property, Plant, and equipment (net) 76,000 82,000 - 6,000 -7.32%
Current assets € 200,000 214,000 - 14,000 -6.54%
Total assets

Equity and Liabilities -

Equity € 20,000 16,000 4,000 25.00%
Non-current liabilities 140,000 150,000 - 10,000 -6.67%
Current liabilities 40,000 48,000 - 8,000 -16.67%
Total equity and liabilities € 200,000 214,000 - 14,000 -6.54%

b. Vertical analysis of the statement of financial position data for 2020

Garcia SLU
Condensed Statements of Financial Position
December 31, 2020
Amount Percent
Assets € 24,000 12%
Intangible assets 100,000 50%
Property, Plant, and equipment (net) 76,000 38%
Current assets € 200,000 100%
Total assets

Equity and Liabilities

Equity € 20,000 10%
Non-current liabilities 140,000 70%
Current liabilities 40,000 20%
Total equity and liabilities € 200,000 100%
P15.2 Larker Tool SA, ratios for 2020
a. Earnings per share
= net income - preference dividends / weighted average ordinary shares outstanding
= R$ 192.000 - 0 / 60.000
= R$3,2 per share
b. Return on ordinary shareholders' equity
= net income - preference dividends / average ordinary shares outstanding
= R$ 192.000 - 0 / (R$465.400+542.600)/2
= R$ 192.000 / R$504.000
= 0,3810 = 38,1%
c. Return on assets =
= net income / average total assets
= R$ 192.000 / (R$852.800+946.100)/2
= R$ 192.000 / (R$852.800+946.100)/2
= R$ 192.000 / R$899.450
= 0,2135 = 21,35%
d. Current Ratio
= current assets / current liabilities
= R$345.800 / R$203.500
= 1,69 : 1
e. Acid test ratio
= (cash + short term investment + account receivables) / current liabilities
= (R$60.100+69.000+105.700) / R$203.500
= R$234.800 / R$203.500
= 1,15 : 1
f. Account receivable turnover
= net credit sales / average net account receivables
= R$1.818.500 / (R$102.800+105.750)/2
= R$1.818.500 / R$104.275
= 17,43 times
g. Inventory turnover
= cost of goods sold / average inventory
= R$1.011.500 / (R$115.500+110.950)/2
= R$1.011.500 / R$113.225
= 8,93 times
h. Times interest earned
= (net income + interest expense + income tax expense) / interest expense
= (R$192.000+15.000+84.000) / 15.000
= R$291.000 / 15.000
= 19,4 times

i. Asset turnover
= net sales / average total assets
= R$1.818.500 / (R$852.800+946.100)/2
= R$1.818.500 / R$899.450
= 2,02 times
j. Debt to assets ratio
= Total liabilities / total assets
= R$403.500 / R$946.100
= 0,4265 = 42,65%
P15.9 Gower Limited
Statement of Comprehensive Income
For the Year Ended December 31, 2020

Net sales £ 1,580,000

Cost of Goods Sold - 1,100,000
Gross Profit 480,000
Operating expenses :
Selling expenses £ 70,000
Administrative expenses 90,000 160,000
Income from operations 320,000
Other expenses - 6,000
Income before income taxes 314,000
Income tax expens (30%x314.000) - 94,200
Income from continuing operations 219,800
Discontinued operations:
Income from operation of puzzles division, net of
£4.500 income taxes (£15.000 x 30%) 10,500
Loss on disposal of puzzles division, net of
income tax savings £22.200 (£74.000 x 30%) - 51,800 - 41,300
Net income 178,500
Other comprehensive income:
Unrealized gain on non-trading securities, net of £36.000
income taxes (£120.000 x 30%) 84,000
Comprehensive income £ 262,500