San Miguel Corporation, a multi-business corporation with interest in food and beverage, most

renowned for its internationally distributed beer, can only be described in superlatives. It is the oldest
and largest brewer in Southeast Asia. It is also the largest and most continuously profitable company in
the Philippines. With a 90 percent market share, San Miguel's trademark beer completely controls the
Filipino market. According to a brief published in the Economist in 1988, Filipinos order "beer" at pubs
and restaurants knowing they would get a San Miguel.

SMC has diverted its resources into what it feels are potential growth sectors that are associated
with the development and growth of the Philippine economy since implementing its business
diversification program in 2007. SMC thinks that pursuing growth plans inside each business will result in
a more diverse mix of sales and operating income, as well as a better position for SMC to obtain
financing, present new growth prospects, and offset the impact of downturns and business cycles.

They have access to managerial skills, worldwide techniques, and innovative technology through
strategic collaborations with big international firms. Kirin Brewery Co., Ltd., Nihon Yamamura Glass,
Hormel Foods Corporation of the United States, and Korea Water Resources Corporation are all world
leaders in their fields.

SMC is listed on the Philippine Stock Exchange (PSE Ticker: SMC). Publicly-listed subsidiaries
include San Miguel Food and Beverage, Inc., Ginebra San Miguel, Inc., and Petron Corporation.

INDUSTRY, SERVICES AND PRODUCTS OFFERED

Packaging, fuel and oil, power, infrastructure, processed meats, butter, margarine, and cheese,
ice cream, and hot dogs are among the company's offerings. For the culinary, pharmaceutical, chemical,
beverage, and personal care industries, SMC also provides pet bottles, jars, plastic pallets, glass and pet
molds, weaving products, and boxed cartons. It also refines, promotes, and distributes petroleum
products and develops, sells, and leases real estate properties. SMC also offers insurance brokerage,
shipping & logistics, and stock transfers, among other services.

2. Liquidity
sliabilitieCurrent
assetsCurrent
ratioCurrent =
sliabilitieCurrent
Inventory - assetsCurrent
 ratio Quick =
Sales
sliabilitieCurrent - assetsCurrent
ratio sales to capital workingNet =
2. Liquidity
sliabilitieCurrent
assetsCurrent
ratioCurrent =
sliabilitieCurrent
Inventory - assetsCurrent
ratio Quick =
Sales
sliabilitieCurrent - assetsCurrent
ratio sales to capital workingNet =
2. Liquidity
sliabilitieCurrent
assetsCurrent
 ratioCurrent =
sliabilitieCurrent
Inventory - assetsCurrent
ratio Quick =
Sales
sliabilitieCurrent - assetsCurrent
ratio sales to capital workingNet =
2. Liquidity
sliabilitieCurrent
assetsCurrent
ratioCurrent =
sliabilitieCurrent
Inventory - assetsCurrent
ratio Quick =
Sales
sliabilitieCurrent - assetsCurrent
ratio sales to capital workingNet =
2. Liquidity
sliabilitieCurrent
assetsCurrent
ratioCurrent =
sliabilitieCurrent
Inventory - assetsCurrent
ratio Quick =
Sales
sliabilitieCurrent - assetsCurrent
ratio sales to capital workingNet =
Activities

3.) Calculate Relevant Financial Ratios of the following types:

Liquidity Ratios

Current Assets
Current Ratio=
Current Liabilites

193,487,000
Current ratio= =2.29
84,556,000

Quick Assets
Quick Ratio=
Current Liabilites
 193,487,000
Quick Ratio= =2.29
84,556,000

Current Assets −Current Liabilities

Net working capital ¿ sales ratio=
Sales

193,487,000 −84,556,000
Net working capital ¿ sales ratio= =5.35
20,362,000

3 Solvency Ratios

Total Debt
Total Debt ¿ assets ratio=
Total Assets

232,700,000+31,691,000
Total Debt ¿ assets ratio= =0.23
1,135,250,000

Total Debt
Total Debt ¿ Equity Ratio= '
Sℎareℎolder s Equity

232,700,000+ 31,691,000
Total Debt ¿ Equity ratio= =0
574,961,000
 Total Assets
Equity Multiplier= '
Sℎareℎolder s Equity

1,135,250,000
Equity Multiplier= =2.16
524,961,000

Profitability Ratios

Gross Income
Gross Income Margin=
Sales

3,217,000
Gross Income Margin= =15 %
20,362,000

Operating Income
Operating Profit Margin=
Sales

2,135,000
Operating Profit Margin= =10.48 %
20,362,000

Net Income
Net Profit Margin=
Sales
 1,805,000
Net Profit Margin= =8.86 %
20,362,000

2 Activity Ratios

Cost of Goods Sold

Inventory Turnover Ratio=
Average Inventory

Sales
Total Asset Turnover=
Average Total Assets