Republic of the Philippines
Department of Education
MIMAROPA Region
SCHOOLS DIVISION OF ORIENTAL MINDORO
MANSALAY DISTRICT
FE DEL MUNDO NATIONAL HIGH SCHOOL
Mansalay, Oriental Mindoro
Second Quarter Examination
Fundamentals of Accountancy, Business and Management II
Grade 12 ABM
Directions: Read carefully and understand each question.
For nos. 1 to 3
CONTEXT 1
MacPAsta Restorante
"MacPAsta Restorante's financial stability relies on its ability to meet long-term obligations, such as the notes
payable for the wine purchase. The company's financial health is also reflected in its capacity to pay short-term
debts, like accounts payable for non-perishable food. By conducting financial analysis, Vina, the owner, can
evaluate the restaurant's financial performance, risks, and prospects by analyzing its financial statements. This
process involves using computational and analytical techniques to make informed decisions, helping Vina
understand the restaurant's financial health, identify areas for improvement, and make strategic decisions to
drive business growth."
1. What term describes an entity's ability to meet its long-term obligations as they become due?
2. What term refers to capacity of a company to pay its currently maturing obligations?
3. What is process of evaluating risks, performance, financial health, and prospects of a business by subjecting
financial statement data to computational and analytical techniques with the objective of making economic
decisions?
CONTEXT 2
For nos. 4 to 11
Managing Finances with Metrobank
Metrobank, one of the largest banks in the Philippines, account holders like Ms. Elysse Maine Santos the owner
of Santos Enterprises can manage their finances efficiently, backed by the country's robust banking regulatory
framework. The bank offers a range of account options including savings and checking/ current account. Ms.
Santos, has opened a checking account with Metrobank for her business, which allow her to withdraw cash or
deposit funds into her account as needed. At the end of every month, the bank furnishes her with a detailed
statement showing all transactions, including withdrawals, deposits, and the current balance. With this
statement Ms. Santos can reconcile her company’s records with the bank’s records ensuring accuracy and
control over her finances. Ms. Santos's money is safe in her bank account, and as the account holder, she has
control over her funds. Her account is uniquely identified by a specific number, and she can use her account to
pay bills or transfer funds to others. With her account, Ms. Santos can efficiently manage her business financial
transactions.
4. What do you call a written order to the bank that is used to take out many to the depositor’s account?
5. What do you call a written order to the bank that is used to put in money to the depositor’s account?
6. What document does a bank provide to its depositors at the end of each month, detailing all transactions,
including deposits, withdrawals, and balances?
FE DEL MUNDO ATIONAL HIGH SCHOOL
School ID: 301631
Telephone No.: 2897951
Email: 3016@deped.gov.ph
Where Excellence is Our Virtue
7. If you were the bookkeeper of Santos Enterprises, would you throw the document, discard or leave it
anywhere, what you should do explain your answer?
8. What supervisory agency of government regulated the rules and regulations among banks?
9. What do you call a money placed into a banking institution for safekeeping?
10. What do you call a person holding an account in a depository bank?
11. Which of the following refers to unique identifier given by the bank for every account maintained?
12. What is the term for a written document that instructs a bank to pay a specific amount from the account
holder's funds to the recipient named on the document?
13. What do you call a report compares the bank balance as per company’s accounting records with the
balance stated in the bank statement?
CONTEXT 3
For Nos. 14 to 16
Direction: Identify and label the parties involved in the check and its component
(15)
(14)
(16)
(17)
(18)
CONTEXT 4
For nos. 17 to 21
The following are image of check. Answer the following scenarios given to each check.
19. Marilyn Tamayo issued a check to Elyssemaine D. Santos, see the image below, what kind of check has been
issued to her?
20. Marilyn Tamayo issued a check to Elyssemaine D. Santos and sent it via courier. However, Ms. Santos was
out of the country on vacation when the check arrived. If Ms. Santos returns from vacation on May 24, 2026,
and immediately goes to the bank to deposit the check, what type of check is the check held by Ms. Santos
on May 24, 2026?
21. On October 24, 2025, Marilyn Tamayo borrowed Php100,000.00 from Elyssemaine D. Santos and issued a
check as collateral. Based on the check details, what type of check did Ms. Tamayo issue to Ms. Santos?
CONTEXT 5
For nos. 22 to 28
The following are best explanations of components, parts of a bank document and its terminology. Using the
table provided below classify accordingly each explanation to its appropriate components or parts of a bank
document.

unique identifier given by the bank for every account maintained

the recipient of the money

the person or entity who makes the check

the bank or the other financial institution where the check can be presented for payment

Signature of depositor

Payee

most important part as proof that the depositor is authorizing the bank to get money from his account

Drawer

Drawee

date written in MMDDYY format that the depositor wishes to deposit/ withdraw from his account

Date box

complete name of the depositor that is reflected in the records of the bank

Account number

Account name
Parts of Deposit Slip/ Withdrawal Slip
22.
23.
24.
25.
Components of Check
26.
27.
28.
CONTEXT 6
For number 29
On December 2, 2023 Jeremiah Libatique withdraw P30,000.00 on his saving account at Philippine National
Bank at Roxas, Or. Mdo.
29. Where should Jeremiah write the amount of P30,000.00?
CONTEXT 7
For nos. 30 to 31
Bank Account Options: A Comparison
When it comes to managing finances, individuals have two popular options. One type of account is designed to
encourage saving, offering a higher interest rate and potentially a passbook to track transactions. However,
some of these accounts may charge a fee if the balance falls below a specified minimum. In contrast, another
type of account provides easy access to funds, allowing numerous withdrawals and unlimited deposits. Account
holders typically receive a monthly statement showing all transactions and the current balance. This type of
account often comes with a lower interest rate, but offers more flexibility in managing one's finances.
Additionally, there's also an option for accounts that are held for a fixed term and can be withdrawn only after
the lapse of the agreed period.
30. – 31. What are the two Bank account options is being discussed in the context?
32. Based on the underlined description, what type of account is being discussed?
CONTEXT 8
For number 31
Bank Statement Contents
As the owner of XYZ Enterprises, a bank depositor like yourself reviews the bank statement and notices it
includes interest earned by the account, indicates bank charges that were deducted by the bank automatically,
indicates the date, amount in figures, amount in words and signatures, and lists all the withdrawals, deposits
and balance of the account after every transaction.
33. Underline the part of the bank statement description that is unusual or not typically included.
CONTEXT 9
For nos. 34 to 36
Assessing Excel Corporation’s Financial Health
At Excel Corporation, they track key financial metrics to evaluate performance. They measure the return
generated by the owner's capital invested in the business to assess profitability. They also measure the peso
value of income generated by employing the company's assets. Additionally, they relate the peso value of
the net income earned to every peso of sales, measuring profitability ratios. Furthermore, they express
operating income as a percentage of sales. To evaluate operational efficiency, Excel Corporation tracks key
performance indicators. One such metric measures the peso value of sales generated for every peso of the
company’s assets, indicating the efficiency of fixed assets in generating sales. This metric is crucial in
assessing how effectively the company utilizes its assets. Additionally, they measure the number of times
the company was able to collect on its average account receivables during the year. They also relate the
peso value of the net income earned to every peso of sales.
34. What financial metric measures the peso value of income generated by employing a company's assets?
35. What financial metric measures the return generated by the owner's capital invested in the business?
36. What financial ratio measures the peso value of sales generated for every peso of the company’s assets?
CONTEXT 10
For nos. 37 to 44
Compute what is being asked in each independent situation.
37. If the quick assets of the company amounted to P107,800, and the quick ratio is 8, how much is the current
liabilities?
38. If the Net Sales is P192,000 and the average accounts receivable is P24,000, what is the Accounts Receivable
turnover ratio?
39. If the Net Sales is P432,000 and the average accounts receivable turnover ratio is 10x, how much is the
average accounts receivable for the year?
40. If the Net Sales is P324,000, beginning accounts receivable is P48,000, and accounts receivable turnover 3,
how much is the ending balance of the accounts receivable?
41. Net Sales for the year is P800,000. If cost of goods sold is P480,000, what is the gross profit margin ratio?
42. If the Net Sales amounted to P270,000, net income before tax is P108,000 and the income tax rate is 25%,
how much is the net profit margin ratio?
43. If the Operating Expenses of the company amounted P36,000, gross sales P369,000, and sales discounts
amounted P9,000, how much is the operating expenses to sales ratio?
44. If the Net Income after tax of the company is P3,150,000, Beginning balance of assets is P135,000 and the
ending balance of assets is P495,000, what is the return on assets?
CONTEXT 11
For number 45
Evaluating Financial Health
You are a financial analyst at a investment firm, and you're tasked with evaluating the financial health of a
potential client, XYZ Corporation. Your team has collected data on various financial ratios, including:




Debt to Equity Ratio
Accounts Receivable Turnover Ratio
Equity Ratio
Debt Ratio
45. Question: Identify the ratio that does NOT measure solvency and explain why it's not relevant to this
assessment.
CONTEXT 12
For number 46
Operational Efficiency
You are a management consultant hired to evaluate the operational efficiency of a manufacturing company,
ABC Inc. Your analysis includes various financial ratios. You come across the following ratios in the company's
financial reports:




Accounts Receivable Turnover Ratio
Operating Income Ratio
Inventory Turnover Ratio
Asset Turnover Ratio
46. Question: Identify the ratio that does NOT measure operational efficiency context of evaluating a company's
ability to utilize its assets effectively.
CONTEXT 13
For number 47
Evaluating Profitability
As a financial analyst for a retail company, you're tasked with assessing the company's profitability. You've
gathered data on various financial ratios to determine how effectively the company generates income from its
assets and controls costs. The ratios you've calculated include:




Net Profit Ratio
Gross Profit Ratio
Operating Income Ratio
Accounts Receivable Turnover Ratio
47. Question: Identify the ratio that does NOT measure profitability in the context of evaluating a company's
ability to generate income.
CONTEXT 13
For number 48
Business Transactions
As an accountant for a small business, you are responsible for managing the company's financial transactions.
You are reviewing a list of reasons why checks are issued:




Payment of debts to suppliers
Payment of utility bills
Collection of accounts receivable
Payment for office supplies
48. Question: Identify the reason that does NOT justify issuing a check in the context of typical business
transactions.
CONTEXT 14
For Number 49 to 50
Formula 1
𝐺𝑟𝑜𝑠𝑠 𝑃𝑟𝑜𝑓𝑖𝑡 𝑀𝑎𝑟𝑔𝑖𝑛 = 𝐺𝑟𝑜𝑠𝑠 𝑃𝑟𝑜𝑓𝑖𝑡 ÷ 𝑁𝑒𝑡 𝑆𝑎𝑙𝑒
Formula 2
𝐷𝑒𝑏𝑡 𝐸𝑞𝑢𝑖𝑡𝑦 𝑅𝑎𝑡𝑖𝑜 = 𝑇𝑜𝑡𝑎𝑙 𝐷𝑒𝑏𝑡 ÷ 𝐸𝑞𝑢𝑖𝑡𝑦
49. Given the formula for Gross Profit Margin, derive a formula to calculate Gross Profit
50. Given the formula for Debt Equity Ratio, derive a formula to calculate Total Debt
Prepared by:
MELANIE L. TAMAYO
SHS Teacher II
Noted by:
PETER M. SALIVIO
OIC- ASSISSTANT PRINCIPAL II/ HEAD TEACHER III
APPROVED BY:
BEDILLA B. ESTANDA
PRINCIPAL III
Mlt101925