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CHAPTER 11

Financial Reporting and Analysis

E 11-1

1. a 6. a 11. A 16. c

2. c 7. f 12. F 17. d

3. d 8. b 13. H 18. g

4. a 9. a 14. B 19. h

5. - c 10. f 15. E 20. g

E 11-2

1. Cash P 320,000

In!n"#$%!s 500,000Acc#&n"s $!c!%ab'! 220,000

(#"a' c&$$!n" ass!"s P1,040,000

2. Acc#&n"s )a*ab'! P 280,000

In"!$!s" )a*ab'! 60,000

+ag!s )a*ab'! 180,000

(#"a' c&$$!n" '%ab%'%"%!s P 520,000

3. (#"a' c&$$!n" ass!"s P1,040,000

E&%)!n" 1,700,000

(#"a' ass!"s P2,740,000

4. (#"a' ass!"s P2,740,000!ss (#"a' '%ab%'%"%!s

/C #f P520,000 C #f P600,000 1,520,000

(#"a' sha$!h#'d!$s !&%"* P1,220,000

!ss $d%na$* sha$!s 1,000,000

!"a%n!d !a$n%ngs P 220,000

E 11-3

1. In!s"%ng 6. )!$a"%ng

2. )!$a"%ng 7. )!$a"%ng

3. )!$a"%ng 8. F%nanc%ng4. )!$a"%ng 9. F%nanc%ng

5. In!s"%ng 10. #n!

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Chapter 11-Suggested Answers (APC-2011) page 3

E 11-8

1. P$#f%" a$g%n #n sa'!s P150,000 < P6,000,000 2.5

2. a"! #f $!"&$n #n "#"a' ass!"s P150,000 < P3,250,000 4.6

3. Ass!" "&$n#!$ $a"%# P6,000,000 < P3,250,000 1.85

4. a"! #f $!"&$n #n #$d%na$* E P150,000 < P1,142,500 13.13

5. $#ss )$#f%" $a"%# P1,800,000 < P6,000,000 30

6. !c!%ab'! "&$n#!$ $a"%# P6,000,000 < P67,250 89.22

7. A!$ag! c#''!c"%#n )!$%#d 365 da*s < 89.22 4 da*s

P 11-1

P C#$)#$a"%#n

"a"!!n" #f F%nanc%a' P#s%"%#n

!c!b!$ 31, 20DD

Ass!"s

C&$$!n" ass!"s Cash and cash !&%a'!n"s P2,400,000

h#$"-"!$ %n!s"!n"s 3,500,000

Acc#&n"s $!c!%ab'!, n!" 5,000,000

In!n"#$%!s 4,970,00

0P$!)a%d !)!ns!s 80,000 P15,950,000

#nc&$$!n" ass!"s

#nc&$$!n" $!c!%ab'!s P1,105,000

P$#)!$"*, )'an" and !&%)!n" 6,205,00

0

7,310,000

(#"a' ass!"s P23,260,000

%ab%'%"%!s and ha$!h#'d!$s E&%"*

C&$$!n" '%ab%'%"%!s#"!s )a*ab'! and #"h!$ sh#$"-"!$ #b'%ga"%#ns P 312,500

Acc#&n"s )a*ab'! 589,500

Acc$&!d '%ab%'%"%!s 4,218,000"h!$ c&$$!n" '%ab%'%"%!s 1,815,000 P 6,935,000

#nc&$$!n" '%ab%'%"%!s and d!f!$$!d "a!s 2,625,00

0

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(#"a' '%ab%'%"%!s P 9,560,000

(#"a' sha$!h#'d!$s !&%"* 13,700,000

(#"a' '%ab%'%"%!s and sha$!h#'d!$s !&%"* P23,260,000

P 11-2

+h!$!

$!)#$"!d

Cash %nf'#, #&"f'#

#$ n# !ff!c"

a. Ac&%$!d an !&%)!n" f#$ cash I Cash #&"f'#

b. Pa%d sa'a$%!s #f !)'#*!!s Cash #&"f'#

c. !c#$d!d d!)$!c%a"%#n #n )'an" ass!"s Add%"%#n "# )$#f%"

d. Iss&!d #$d%na$* sha$!s F Cash %nf'#

!. Pa%d d%%d!nds "# #$d%na$* sha$!h#'d!$s F Cash #&"f'#

f. Pa%d ban: '#an F Cash #&"f'#g. P&$chas!d !$chand%s! #n acc#&n" C # !ff!c"

h. #'d !$chand%s! #n acc#&n" C # !ff!c"

%. !a'%!d a ga%n #n sa'! #f )'an" ass!"s !d&c"%#n f$#

)$#f%". P&$chas!d s!c&$%"%!s c'ass%f%!d as h!'d-"#-a"&$%"* I Cash #&"f'#

P 11-3

( C#)an*

"a"!!n" #f Cash F'#sF#$ "h! G!a$ End!d !c!b!$ 31, 20DD

Cash f'#s f$# #)!$a"%ng ac"%%"%!s

P$#f%" b!f#$! "a P 800,000

Ad&s"!n"s f#$ !)$!c%a"%#n 310,000

In"!$!s" !)!ns! 60,000

)!$a"%ng )$#f%" b!f#$! #$:%ng ca)%"a' chang!s P1,170,000

Inc$!as! %n acc#&n"s $!c!%ab'! / 480,000

Inc$!as! %n !$chand%s! %n!n"#$* / 140,000

Inc$!as! %n acc#&n"s )a*ab'! 280,000

Cash g!n!$a"!d f$# #)!$a"%#ns P 830,000In"!$!s" )a%d / 60,000

Inc#! "a!s )a%d / 140,000

!" cash )$#%d!d b* /&s!d %n #)!$a"%ng ac"%%"%!s P 630,000

Cash f'#s f$# %n!s"%ng ac"%%"%!sP$#c!!ds f$# sa'! #f !&%)!n" 170,000

Cash f'#s f$# f%nanc%ng ac"%%"%!s

P$#c!!ds f$# %ss&anc! #f #$d%na$* sha$!s P 80,000

!"%$!!n" #f b#nds )a*ab'! / 120,000

Pa*!n" #f d%%d!nds / 540,000

!" cash )$#%d!d b* /&s!d %n f%nanc%ng ac"%%"%!s / 580,000

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!" %nc$!as! %n cash P 220,000

Cash ba'anc!, b!g%nn%ng 400,000

Cash ba'anc!, !nd P 620,000

P 11-4

1. Ea$n%ngs )!$ sha$! P5,352,000 < 56,000 sha$!s P95.57

2. !"&$n #n #$d%na$* E P5,352,000 < P10,321,000 51.86

3. !"&$n #n ass!"s P5,352,000 < 18,430,000 29.04

4. C&$$!n" $a"%# P7,928,000 < P4,270,000 1.711

5. !c!%ab'! "&$n#!$ $a"%# P38,730,000 < 2,106,000 18.22

6. A!$ag! c#''!c"%#n )!$%#d 365 da*s < 18.22 20 da*s

7. In!n"#$* "&$n#!$ $a"%# P20,110,000 < 2,585,000 7.78

8. &b!$ #f da*s %n %n!n"#$* 365 da*s < 7.78 47 da*s

9. &b!$ #f "%!s %n"!$!s" as

!a$n!d

P8,140,000 < P500,000 16.28 "%!s

10. Ass!" "&$n#!$ $a"%# P38,370,000 < P18,430,000 2.08

11. !b" "# "#"a' ass!"s $a"%# P8,470,000 < P19,804,000 .431

12. !b" "# !&%"* $a"%# P8,470,000 < P11,334,000 .751

13. Cash d!b" c#!$ag! $a"%# P6,040,000 < P8,109,000 .741

P 11-5

HI

1. IJKII(G A(I

a. C&$$!n" $a"%# 1.061 1.081

b. !c!%ab'! "&$n#!$ 10.05 10.06

c. A!$ag! c#''!c"%#n )!$%#d 36 da*s 36 da*s

d. In!n"#$* "&$n#!$ 6.10 8.99

!. a*s %n %n!n"#$* 60 da*s 41 da*s

f. C&$$!n" cash d!b" c#!$ag! $ 42 32

2. LECG A(I

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a. !b" "# "#"a' ass!"s $a"%# .481 .531

b. (%!s %n"!$!s" !a$n!d 31.87 "%!s 31.63 "%!s

c. Cash d!b" c#!$ag! $a"%#

3. PFI(ABII(G A(Ia. P$#f%" a$g%n 21 13

b. Ass!" "&$n#!$ .77 1.06

c. !"&$n #n ass!"s 16.80 14.62

d. !"&$n #n #$d%na$* E 33.58 33.31

MC

1. C 5. A 9. B2. B 6. A 10. C

3. A 7. C 11.

4. A 8. P272,900 12. C

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