PROBLEM 3. The following information is available for Kebab Inc.:

Current Assets -

P 500,000

PPE

4,000,000

Current Liabilities

30,000

Long term debt

2,500,000

Ordinary share capital

200,000

Accumulated Profits

1,770,000

@100,000 units

@105,000 units

Sales

P3,000,000

P3,150,000

Expenses

P2,800,000

P2,850,000

Operating Income (EBIT)

P200,000

P300,000

Earnings per Share

P0.20

P1.20

Provide DOL, DFL, and DTL