Reconstruction of Statement Using Ratios

The following ratios and other data pertain to the financial statements of the Bulacan Company for the year ended December 3 1, 2013.

Current ratio Acid-test ratio Working capital Fixed assets to equity ratio Inventory turnover (based on cost of closing inventory) Gross profit percentage Earnings per share Average age of outstanding accounts receivable (based on calendar year of 365 days) Share capital outstanding 20,000 no par value shares Earnings for the year as a percentage of share capital 1.75 to 1 1.27 to 1 P33,000 0.625 to 1 4X 40% P050 73 days 25%