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Regulus Electronics 2024 Financial Overview

The document presents the balance sheet and income statement for Regulus Electronics for the years ending December 31, 2024 and 2023, detailing assets, liabilities, stockholders' equity, sales, expenses, and net income. Key figures include total assets of 31,500 thousand pesos in 2024, a net income of 1,750 thousand pesos, and retained earnings of 8,000 thousand pesos at year-end. Additionally, it outlines various financial ratios to be computed for 2024, reflecting the company's financial performance and position.

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13 views2 pages

Regulus Electronics 2024 Financial Overview

The document presents the balance sheet and income statement for Regulus Electronics for the years ending December 31, 2024 and 2023, detailing assets, liabilities, stockholders' equity, sales, expenses, and net income. Key figures include total assets of 31,500 thousand pesos in 2024, a net income of 1,750 thousand pesos, and retained earnings of 8,000 thousand pesos at year-end. Additionally, it outlines various financial ratios to be computed for 2024, reflecting the company's financial performance and position.

Uploaded by

trishalorainepaguia1
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Regulus Electronics

Balance Sheet
As at December 31, 2024 and 2023
(in thousands of pesos)

2024 2023
Assets
Current assets:
Cash 1,200 2,350
Accounts receivable, net 6,000 4,000
Inventory 8,000 10,000
Prepaid expenses 300 120
Total current assets 15,500 16,470
Property and equipment:
Land 4,000 4,000
Building and equipment, net 12,000 8,500
Total property and equipment 16,000 12,500
Total assets 31,500 28,970

Liabilities and Stockholders' Equity


Current liabilities:
Accounts payable 5,800 4,000
Accrued payables 900 400
Notes payable, short term 300 600
Total current liabilities 7,000 5,000
Long-term liabilities:
Bonds payable, 8% 7,500 8,000
Total liabilities 14,500 13,000
Stockholders' equity:
Preferred stock, P100 par, 6% 2,000 2,000
Common stock, P12 par 6,000 6,000
Additional paid-in capital 1,000 1,000
Total paid in capital 9,000 9,000
Retained earnings 8,000 6,970
Total stockholders' equity 17,000 15,970
Total liabilities and stockholders' equity 31,500 28,970
Regulus Electronics
Income Statement and Retained Earnings Reconciliation
As at December 31, 2024 and 2023
(in thousands of pesos)

2024 2023
Sales 52,000 48,000
Cost of goods sold 36,000 31,500
Gross margin 16,000 16,500
Selling and administrative expenses:
Selling expenses 7,000 6,500
Administrative expenses 5,860 6,100
Total selling and administrative expenses 12,860 12,600
Net operating income 3,140 3,900
Interest expense 640 700
Net income before taxes 2,500 3,200
Income tax 750 960
Net income 1,750 2,240
Dividends to preferred stockholders 120 120
Net income remaining for common stock holders 1,630 2,120
Dividends to common stockholders 600 600
Net income added to retained earnings 1,030 1,520
Retained earnings, beginning of year 6,970 5,450
Retained earnings, end of year 8,000 6,970

Regulus's stock had a market price of P40 per share at the end
of 2024.
Regulus is a merchandising company and all of its sales and
purchases are on account.

Compute for the following for 2024:


1 Gross margin ratio
2 Earnings per share
3 Price-earnings ratio
4 Dividend payout ratio
5 Dividend yield ratio
6 Return on total assets
7 Return on total common stockholders' equity
8 Book value per share
9 Working capital
10 Current ratio
11 Acid-test ratio
12 Accounts receivable turnover
13 Average collection period
14 Inventory turnover
15 Average sale period
16 Accounts payable turnover
17 Average payment period
18 Operation cycle
19 Cash conversion cycle
20 Times interest earned
21 Debt-to-equity ratio

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