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Business Finance Activity

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Anthony P. Bualoy
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34 views3 pages

Business Finance Activity

Uploaded by

Anthony P. Bualoy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Business Finance

Name: ______________________________ Date:_________


A. Directions: Compute for Profitability Ratios, Efficiency Ratios, Leverage
Ratios and Liquidity Ratios.
Below are the financial statements of Pancake House and Subsidiaries.
Pancake House is now controlled and managed by Max’s Group of Companies
after merger in 2013. Among the brands under Pancake House are Pancake
House, Dencio’s Teriyaki Boy, Singkit, Sizzlin’ Pepper steak, and Yellow Cab.

Pancake House and Subsidiaries


Consolidated Statements of Profit or Loss
For the Years Ending December 31, 2013 and 2012
2013 2012
Revenue 3 751 551 021 3 430 700 496
Cost of Sales 3 067 218 589 2 799 747 640
Gross Profit 684 332 432 630 952 856
Operating Expenses 568 148 309 462 184 796
Operating Income 116 184 123 168 768 060
Other Revenues and 88 928 261 103 032 748
Expenses, Net.
Income statement 205 112 384 271 800 808
before Interest and
Taxes
Interest Expense 62 579 720 61 331 464
Income Before Taxes 142 532 664 210 469 344
Income Tax Expense 63 259 148 60 851 855
Net Income 79 273 516 149 617 489
Pancake House and Subsidiaries
Consolidated Statements of Financial Position
December 31, 2013 and 2012
2013 2012
Assets
Current Assets
Cash 341 682 074 372 549 691
Trade and Other Accounts 441 848 273 372 543 507
Receivables
Trade Inventories 96 882 681 93 001 117
Other Current Assets 70 708 406 117 286 169
Total Current Assets 951 121 432 955 380 544
Noncurrent Assets
Property and Equipment 470 409 909 423 404 905
Intangible Assets 1 207 986 875 1 233 706 208
Other Noncurrent Assets 340 405 976 276 990 380
Total Noncurrent Assets 2 018 802 760 1 934 101 493
Total Assets 2 969 924 194 2 889 482 037

Liabilities and Stockholders’ Equity


Current Liabilities
Trade and Other Accounts Payable 695 401 918 610 375 051
Loans Payable 304 500 000 306 000 000
Current Portion of long term debt 793 734 791 3 188 053
Income Taxes Payable 28 162 241 26 442 351
Total Current Liabilities 1 821 798 950 946 005 455
Noncurrent Liabilities
Long Term Debt, Net of Current 1 500 247 801 040 752
Portion
Other Noncurrent Liabilities 121 194 817 117 111 220
Total Noncurrent Liabilities 122 695 064 918 151 972
Total Liabilities 1 944 494 014 1 864 157 427
Total Equity
Capital Stock 237 795 455 237 795 455
Additional Paid in Capital 176 806 287 176 806 287
Retained Earnings 401 680 302 365 138 910
Others 209 148 136 245 583 958
Total Equity 1 025 430 180 1 025 324 610
Total Liabilities and Equity 2 969 924 194 2 889 482 037

Note: For Days’ Receivables, Days’ Inventories and Days’ Payable – use 360 Days
in a Year.

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