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TUGAS KEUANGAN BAB PERAMALAN PENJUALAN

Aina Mardiah D4 Kewirausahaan

A.) INCOME STATEMENT 2012 ACTUAL Sales Revenue Less : Cost of Good Sold Gross Profit Less : Operating Expense Net Profit Before Tax Less : Taxes (rate = 40%) Net Profit After Tax Less: Cash Devidends To Retained Earnings 800 600 200 100 100 40 60 20 40 2013 PRO FORMA 900 600 300 100 200 80 120 20 100

B.) BALANCE SHEET 2012 ACTUAL ASSETS Cash Marketable Securities Accounts Receivable Inventories Total Current Assets Net Fixed Assets Total Assets 32 18 150 100 300 350 650 30 18 162 87,5 297,5 375 672,5 2013 PRO FORMA

LIBILITIES AND EQUITY Accounts Payable Tax Payable Other Current Liabilities Total Current Liabilities 100 20 5 125 112,5 20 5 137,5

Long Term Debt Total Liabilities Common Stock Retained Earning External Financing Required Total Liabilities and Equity

200 325 150 175 650

200 337,5 150 140 45 672,5

C.) RASIO ANALYSIS 1. ACTUAL (2012) a. LIQUIDITY RATIO 1. Current Ratio = Current Assets / Current Liabilities = 300.000 / 125.000 = 2,4 2. Quick Ratio = (Current Assets Inventory) / Current Liabilities = (300.000 100.000) / 125.000 = 1,6

b. ACTIVITY RATIO 1. Inventory Turnover

= Cost of Good Sold / Inventory = 600.000 / 100.000 = 6

2. Average Collection Period = Accounts Receivable / Average Sales per Day = 150.000 / (800.000 : 365) = 68,49 days 3. Average Payment Period = Accounts Payable / Average Purchase per Day = 100.000 / (600.000 : 365) = 60,98 days

4. Total Assets Turnover = Sales / Total Asset = 800.000 / 650.000 = 1,23 c. DEBT RATIO 1. Debt Ratio = Total Liabilities / Total Assets x 100% = 325.000 / 650.000 x 100% = 50 %

2. Times Interest Earned Ratio

= = =

Earning Before Interest and Taxes / Interest 100.000 / Tak terdefinisikan

3. Fixed Payment Coverage Ratio = Earning Before Interest and Taxes + Lease Payment / Int. + Lease Pay. + {(Print. + Pref. Div.) x [1/(1 t)]} = 100.000 / = Tak terdefinisikan d. PROFITABILITY RATIO 1. Gross Profits Margin = Gross Profits / Sales x 100% = 200.000 / 800.000 x 100% = 25 % 2. Operating Profits Margin = Operating Profits / Sales x 100% = 100.000 / 800.000 x 100% = 12,5 %

3. Net Profits Margin

= Earning Available for Common Stockholders / Sales x 100% = 60.000 / 800.000 x 100% = 7,5 %

4. Earning Per Share (EPS) = Earning Available for Common Stockholders / Number of Share of Common Stock Outstanding = 60.000 / 20.000 = 3 5. Return on Total Assets (ROA) = Earning Available for Common Stockholders / Total Assets x 100% = 60.000 / 650.000 x 100% = 9,23 % 6. Return on Common Equity (ROE) = Earning Available for Common Stockholders / Common Stock Equity x 100% = 60.000 / 150.000 x 100% = 40 %

2. PRO FORMA (2013) a. LIQUIDITY RATIO 1. Current Ratio = = = Current Assets / Current Liabilities 297.500 / 137.500 2,16

2. Quick Ratio = (Current Assets Inventory) / Current Liabilities = (297.500 87.500) / 137.500 = 1,53 b. ACTIVITY RATIO 1. Inventory Turnover

= Cost of Good Sold / Inventory = 600.000 / 87.500 = 6,86 2. Average Collection Period = Accounts Receivable / Average Sales per Day = 162.000 / (900.000 : 365) = 65,59 days 3. Average Payment Period = Accounts Payable / Average Purchase per Day = 112.500 / (600.000 : 365) = 68,60 days 4. Total Assets Turnover = Sales / Total Asset = 900.000 / 672.500 = 1,34

c. DEBT RATIO 1. Debt Ratio = Total Liabilities / Total Assets x 100% = 337.500 / 672.500 x 100% = 50,19 % 2. Times Interest Earned Ratio = Earning Before Interest and Taxes / Interest = 200.000 / = Tak terdefinisikan 3. Fixed Payment Coverage Ratio = Earning Before Interest and Taxes + Lease Payment / Int. + Lease Pay. + {(Print. + Pref. Div.) x [1/(1 t)]} = 200.000 / = Tak terdefinisikan

d. PROFITABILITY RATIO 1. Gross Profits Margin = Gross Profits / Sales x 100% = 300.000 / 900.000 x 100% = 33,33 % 2. Operating Profits Margin = Operating Profits / Sales x 100% = 200.000 / 900.000 x 100% = 22,22 % 3. Net Profits Margin = Earning Available for Common Stockholders / Sales x 100% = 120.000 / 800.000 x 100% = 15 %

4. Earning Per Share (EPS) = Earning Available for Common Stockholders / Number of Share of Common Stock Outstanding = 120.000 / 35.000 = 3,43 5. Return on Total Assets (ROA) = Earning Available for Common Stockholders / Total Assets x 100% = 120.000 / 672.500 x 100% = 17,84 % 6. Return on Common Equity (ROE) Stockholders / = Earning Available for Common

Common Stock Equity x 100% = 120.000 / 150.000 x 100% = 80 %

RESUME ANALISIS RASIO :


RATIO LIQUIDITY Current Ratio Quick (Acid-Test) Ratio ACTIVITY Inventory Turnover Average Collection Period Average Payment Period Total Assets Turnover 6 68,49 days 60,98 days 1,23 6,86 65,59 days 68,60 days 1,34 2,4 1,6 1,16 1,53 ACTUAL (2010) PRO FORMA (2013)

DEBT Debt Ratio Timed Interest Earned Ratio Fixed-Payment Coverage Ratio PROFITABILITY Gross Profit Margin Operating Profit Margin Net Profit Margin Earning per Share (EPS) Return on Total Assets (ROA) Return on Common Equity (ROE) 25 % 12,5 % 7,5 % 3 9,23 % 40 % 33,33 % 22,22 % 15 % 3,43 17,84 % 80 % 50 % Tak Terdefinisikan Tak Terdefinisikan 50,19 % Tak Terdefinisikan Tak Terdefinisikan