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FM1 Activity

The document contains the comparative statements of financial position and income statements for TREN Corporation for the years ended December 31, 2015 and 2014. It shows that as of 2015, TREN Corporation had total assets of PHP225.85 million, with current assets of PHP59.85 million including cash and cash equivalents of PHP24.89 million. It had total liabilities of PHP93.45 million and total shareholders' equity of PHP132.4 million. For the year ended 2015, TREN Corporation had total income of PHP131 million and net income after taxes of PHP71.87 million.

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ChieMae Benson Quinto
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386 views4 pages

FM1 Activity

The document contains the comparative statements of financial position and income statements for TREN Corporation for the years ended December 31, 2015 and 2014. It shows that as of 2015, TREN Corporation had total assets of PHP225.85 million, with current assets of PHP59.85 million including cash and cash equivalents of PHP24.89 million. It had total liabilities of PHP93.45 million and total shareholders' equity of PHP132.4 million. For the year ended 2015, TREN Corporation had total income of PHP131 million and net income after taxes of PHP71.87 million.

Uploaded by

ChieMae Benson Quinto
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

NOTRE DAME OF SALAMAN COLLEGE

Founded in 1965 by the Oblates


Owned by the Archdiocese of Cotabato
Managed by the Diocesan Clergy of Cotabato (DCC)

“Service for the Love of God through Mary”


(B.E.S.T)

TREN Corporation
Comparative Statements of Financial Position
December 31, 2015
(in Thousand pesos)

2015

Assets

Current Assets

Cash and Cash Equivalent 24,890

Held for Trading 10,000

Trade $ Other Receivables 16,000

Inventory 8,960

Total Current Assets 59,850

Non-Current Asset

Property, Plant & Equipment 150,000

Investment in Equity Securities 16,000

Total Non-Current Asset 166,000

TOTAL ASSETS 225,850

Liabilities and Shareholders’ Equity

Current Liabilities

Trade and Other Payables 8,400


Unearned Revenues 10,600

Notes Payable – current 900

Total Current liabilities 19,900

Non-Current Liabilities

Notes Payable – non-current 73,550

TOTAL LIABILITIES 93,450

Shareholders’ Equity

Ordinary Shares, P100 par 80,000

Premium on Ordinary Shares 16,000

Total paid-in-capital 96,000

Retained Earnings 36,400

Total Shareholders’ Equity 132,400

TOTAL LIABILITIES & SHAREHOLDERS’ 225,850


EQUITY

TREN Corporation

Comparative Income Statements

For the years ended December 31, 2015 & 2014

(in Thousand pesos)

2015

s 480, 000

Less: Cost of goods sold 364, 000


Gross Income 116, 000

Add: Other Income 15, 000

Total Income 131, 000

Less: Other Expenses 12, 400

Finance Costs (Interest) 14, 400

Total Expenses 26, 800

Net Income before Taxes 104, 200

Less: Income Tax 32, 334

Net Income after Taxes 71, 866

Requirements:

a. Compute the ratios that measure, liquidity, asset utilization, debt utilization and profitability.
b. Analyze, interpret, and draw conclusions based on the results of your computations.

Concept Application:

Show all computations in good form using columnar sheets

1. Sales of SciFi Corp. are expected to be 6, 000 units for the month. The company would like to
maintain 15% of unit sales for each month ending inventory. Beginning inventory is 1, 200 units.
How many units should be the company produce for the coming month?
2. Meridian Company has a beginning inventory of 28,000 units. They intend to sell 100, 000 units
for the current month and they wish to reduce ending inventory to 40% of beginning inventory.
How many units should the company produce?
3. Callgate Company has forecast credit sales for the fourth quarter of the year:
September (actual) P100, 000
Fourth Quarter:
October 80, 000
November 70, 000
December 120, 000

Based on past experience, 20% of sales are collected in the month of sales, 70% in the following
month and 10% are never collected. Prepare a schedule of cash receipts for the company covering
the last quarter of the year.
Concept Mapping:

Creatively draw a paradigm that maps the concepts on:

1. Company Budgeting

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