Departemen Akuntansi

Fakultas Ekonomi Universitas Indonesia

Analytical Procedures of Keystone Computers

& Networks, Inc.
Komang Greggy Sridana (1206266126)
Haratullisan (1206214223)
Glory Palmy Simanjuntak (1206267381)

Working Trial Balance December 31, 20x5

Working Trial Balance December 31, 20x5

(cont.)

Statement of Financial Position, 20x5

Income Statement, 20x5

Problem 1a

COMPLETE THE WORKING PAPER BY

COMPUTING FINANCIAL RATIOS FOR
20X5.

Ratio Analysis

Ratio Analysis (cont.)

Ratio Analysis (cont.)

Ratio Analysis (cont.)

Ratio Analysis (cont.)

Ratio Analysis (cont.)

Ratio Analysis (cont.)

Return on Total Asset

Ratio Analysis (cont.)

Return on Net Sales

Ratio Analysis (cont.)

Gross Prot/Net Sales

Ratio Analysis (cont.)

Times Interest Earned

Ratio Analysis (cont.)

Selling, Opera=ng, and Administra=ve
Expenses/Net Sales

Problem 1b

IDENTIFY FINANCIAL STATEMENT

ACCOUNTS THAT SHOULD BE
INVESTIGATED.

Analytical Review Ratios

Problem 1c

LIST POTENTIAL REASONS FOR THE

UNEXPECTED ACCOUNT BALANCES
AND RELATED RATIOS.

Unexpected Account Balances

and Ratios
Days sales in
accounts
receivable

Inventory
Turnover

Gross Prot

Days
Inventory on
Hand

Net Sales

Days Sales in Accounts Receivable

The company may changed its credit
policy.

The company may started selling

products to dierent market segment.
Possible misstatement(s) (understated
trade receivable and/or overstated net
sales).

Inventory Turnover
The company kept a large number of inventory to
eec=vely competed with another company.
The company may changed its inventory policies.
The company may changed the accoun=ng
methods for its inventories.
The company may successfully reduced the cost
for making the product.
Possible misstatement(s) (understated cost of
goods sold and/or overstated inventory).

Days Inventory on Hand

The company kept a large number of inventory to
eec=vely competed with another company.
The company may changed its inventory policies.
The company may changed the accoun=ng
methods for its inventories.
The company may successfully reduced the cost
for making the product.
Possible misstatement(s) (understated cost of
goods sold and/or overstated inventory).

Gross Profit/Net Sales

The company may increased the price for its
product (Total Inventory and Net Sales increased).
The company may successfully reduced the cost
for making the product.

Improved economic condi=ons in 20x5.

Possible misstatement(s) (understated net sales,
COGS and overstated gross prot to improve
nancial results).

Thank You