1.Brilliant Corp. has total current liabilities of P22,000 and an inventory of P7,000. If its current ratio is 1.2, then what is Brilliant's quick ratio?*

a).88

b).64

c).36

d).75

2.Rizza Co. has an average age of inventory equal to 25 days. If its end of year inventory level is P8,500, then what does that imply for the cost of goods sold during the year? (round to the nearest peso)*

a.P582

b.P124,100

c.P21,250

d.P4964

3.DJ Company's net accounts receivable were P250,000 as of December 31, 2019, and P300,000 as of December 31, 2020. Net cash sales for 2020 were P100,000. The accounts receivable turnover for 2020 was 5.00. What were DJ's total net sales for 2020?*

a)P1,500,000

b)P1,400,000

c)P1,475,000

d)P1,375,000

4.Aubrey Company that you work for had credit sales of P3,500,000 last year and on average had P33,000 in its accounts receivable during the year. What is its average collection period?*

a)None of the choices

b)3.5 days

c)3.44 days

d)3 days

5.If Daff Company's net profit margin is 5% and its total asset turnover is 3.5, what is Daff's return on assets (ROA)?*

a)1.43%

b)70.00%

c)12.53%

d)17.50%

6.You have the following information about Trisha Company: total asset = P350,000; common stock equity = P175,000; Return on Equity (ROE) = 12.5%. What is Trisha's earnings available for common stockholders?*

a.P43,750

b.P21,875

c.P50,000

d.P47,632

7.Nicole Company has an average collection period of 52 days and accounts receivables of P250,000. What are Nicole's annual sales?*

a)P1,543,823

b)P2,234,756

c)P250,000

d)P1,754,808

8.You have the following information about Frances Company: quick ratio = 0.85, inventory = P125,000 and current assets = P375,000. What is Frances' current ratio?*

a.0.85

b.2.56

c.1.05

d.1.28

9.Myla Company has current assets of P75,000 and total assets of P375,000. The company's sales are P900,000. Myla's fixed asset turnover is*

a)5.0 times

b)12.0 times

c)2.4 times

d)3.0 times

10.Jannah Company has sales of P1,000,000, cost of goods sold of P700,000, depreciation expenses of P250,000 and interest expenses of P55,000. If Jannah's tax rate is 34% and the income statement is complete, what is Jannah's operating cash flow?*

a)P283,000

b)P33,000

c)P300,000

d)P246,700

11.In a given year, Irish Company decreased its inventory by P250,000, purchased P350,000 worth of fixed assets and took on a new P500,000 loan. What is the net change of Irish Company's cash as a result of these transactions?*

a)P100,000

b)-P400,000

c)-P100,000

d)P400,000

12.Marj Corporation is currently selling for P22 per share. If it is selling at a Price-earnings ratio of 12, calculate Marj Corporation's recent earnings per share.*

a.P1.83

b.P0.55

c.P0.45

d.P2.20

13, Vhea Corp has an operating profit of P1,200 produced from P9,800 in sales. If Vhea has no interest expense and currently pays 35% of its operating profits in taxes and P200 per year in preferred dividends, then what is Vhea's net profit margin?*

a)7.96%

b)5.92%

c)10.20%

d)7.96%

14.Nathalie Company has earnings available for common shareholders of P700 produced by sales of P10,000. It also has total assets of P20,000 and an assets to equity ratio of 2.5. What is Nathalie's return on common equity?*

17.5%

7.0%

8.75%

None of the choices

15.Angel Company would like to undertake a policy of paying out 45% of its income. Its latest net income was P1,250,000, and it had 225,000 shares outstanding. What dividend per share should Angel declare?*

a)P2.50

b)P2.14

c)P2.38

d)P2.26