1.

The following data were taken from the financial statements of Senjen Corporation for the year ended December 31, 2019:

Net sales	Php120,000
Net income	30,000
Total assets, January 1, 2019	400,000
Total assets, December 31, 2019	600,000

What was Senjen's rate of return on assets for 2019?

2. Lita Industries has sales of Php2,000,000, cost of goods sold of Php900,000, operating expenses of Php650,000, and net income of Php150,000. Equity (all common) totals Php990,000; the debt ratio is 45%. The gross profit ratio is

3.

Marita Co. has the following income statement items.

Sales	Php200,000
Cost of sales	80,000
Selling expenses	24,000
Depreciation	26,000
Interest expense	12,000
Income taxes	28,000
Net income	30,000

Marita has total assets of Php350,000 and a debt ratio of 30%. All equity is common equity. Cash flow to debt is

4. Fishys Loan Co. has an annual interest expense of Php30,000. If Fishys times-interest-earned ratio is 2.9, what is Fishys Earnings Before Taxes (EBT)?

5. Foodia Corporation has Php800,000 of debt outstanding, and it pays an interest rate of 10 percent annually on its bank loan. Foodias annual sales are Php3,200,000, its average tax rate is 40 percent, and its net profit margin on sales is 6 percent. If the company does not maintain a TIE ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. What is Foodias current TIE ratio?