Exercise 1 Mientify the type of ratio on in each mumber: write the letter of the correct an the blank provided Liquidity Ratio h Solvency lati Probability Ratio 1. Debe to Equity Ratio 2. Inventary Turnover 3. Average Sales Period Return on Assets 5 Working Capital Time Interest Earned 7. Gross Protit Ratio E. Current Ratio 9. Average Collection Period 10. Operating profit Margin 11 Equity Ratio 12. Quick Ratio 13. Debt Ratio 14. Net Profit Marcin 15. Receivable Turnover Exercise 4 Nefer to wrcise On December 31, 2017, Tully Trading's Trade Receivables amounted to P145,000 and merchandise inventuiry was 265.000. Net sites was 1,250,000 and cost of goods sold was 375.000 RequiredCompute the following Neceivable Turner Average Collection Period Crventory Turnover Avrup Sales Period Exercise 5 The following data are taken from the books of Flutts Merchants for year ended December 31, 2017 Total Liabilities Total Equity Interest Expense Income Tax Expense (5) Net Income Net Sales Gross Pratt Apr Total Assets P345.000 360,000 10,000 20,000 60,000 320,000 144,000 580,000 Required: Compute the following rules 1. Debt Ratin 2 guilty at 3. Delitto Tiquity Times Interest and 5. Gross Trafit Mangin 6. Operating Profit Margin 7. Net Profit Martin 1. Return on Acts (10 ANCILLATOS Exercise 2 Listed below are ratios for 2016 and 2017. Identity whether the change in ratio value is favorable or unfavorable by stating the general rule, 2017 2016 1 13 4. 5. 6 7 Current Ratio Quick Ratio Receivable Turnover Average Collection Period Inventory Turnover Average Sales Period Debt Ratio Equity Ratio Debt to Equity Ratio Times Interest Earned Gross Profit Ratio Operating Profit Margin Net Profit Martin Return on Assets LS 36 12 32 10 38 45% 559 3 6 35 259 129 21.8% 11 11 28 8 45 4896 60% 9. 10 11 12 12 14 42% 20W 15% 19.6% Exercise 3 The following are data from Fluffy Trading on December 31, 2016. Cash Trade Receivables Merchandise Inventory Property. Plant and Equipment Trade Payables Required: Compute the following Current ratio 410,000 120,000 235.000 455.000 265.000 b. Acid-test ratio c. Working capital