BB Pink Fried Chicken, a popular food store in Rizal has the following information as...
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BB Pink Fried Chicken, a popular food store in Rizal has the following information as of December 31, 2019 and 2020: Total Assets: 2020-P 31,500, 2019 - P 28,970; Current Assets: 2020-P 15,500 (including Cash of P 1,200; Accounts Receivable of P 6,000; Inventory of P 8,000 and Prepaid Expense of P 300), 2019-P 16,470 (including Cash of P 2,350; Accounts Receivable of P 4,000;Inventory of P 10,000 and Prepaid Expense of P 120); Preferred Stock Dividends: P0: Total Stockholders Equity: 2020-P 17,000, 2019 - P 15,970; Total Liabilities: 2020-P 14,500 (including current Liabilities of P 7,000), 2019 - P 13,000 (including current liabilities of P 5,000); Common stock dividends per share: P 1.75; Earnings per share: P 1.92; Preferred Stock: 2,000 both for 2020 and 2019; Common Stock at P 12 per share: 2020 - P 6,000, 2019 - P 4,000. Sales on Account: 2020-P 52,000, 2019 - P 48,000; Gross Profit/Gross Margin: 2020 -P 16,000, 2019 - P 16,500; Net Income: 2020 P1,750, 2019 - P 2,240; Net Operating Income: 2020-P 3,140, 2019 - P 3,900; Interest Expense: 2020-P 640, 2019 - P 700; Tax Rate for both years is 30.00%.
A.) What is the 2020 book value per share? B.) What is the 2020 Current Ratio? C.) What is the 2020 Average Sale Period? D.) What is the 2020 times interest earned?
BB Pink Fried Chicken, a popular food store in Rizal has the following information as of December 31, 2019 and 2020: Total Assets: 2020-P 31,500, 2019 - P 28,970; Current Assets: 2020-P 15,500 (including Cash of P 1,200; Accounts Receivable of P 6,000; Inventory of P 8,000 and Prepaid Expense of P 300), 2019-P 16,470 (including Cash of P 2,350; Accounts Receivable of P 4,000;Inventory of P 10,000 and Prepaid Expense of P 120); Preferred Stock Dividends: P0: Total Stockholders Equity: 2020-P 17,000, 2019 - P 15,970; Total Liabilities: 2020-P 14,500 (including current Liabilities of P 7,000), 2019 - P 13,000 (including current liabilities of P 5,000); Common stock dividends per share: P 1.75; Earnings per share: P 1.92; Preferred Stock: 2,000 both for 2020 and 2019; Common Stock at P 12 per share: 2020 - P 6,000, 2019 - P 4,000. Sales on Account: 2020-P 52,000, 2019 - P 48,000; Gross Profit/Gross Margin: 2020 -P 16,000, 2019 - P 16,500; Net Income: 2020 P1,750, 2019 - P 2,240; Net Operating Income: 2020-P 3,140, 2019 - P 3,900; Interest Expense: 2020-P 640, 2019 - P 700; Tax Rate for both years is 30.00%.
A.) What is the 2020 book value per share? B.) What is the 2020 Current Ratio? C.) What is the 2020 Average Sale Period? D.) What is the 2020 times interest earned?
If the following are: Acid test Ratio= 1.03:1 Debt to equity ratio = 0.85 Inventory Turnover= 4 times Ave. Collection period = 35.10 days Acc receivable turnover=10.4 times
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