Rani Murtanti sedang memutuskan untuk memberikan pinjaman modal kerja kepada salah satu dari dua perushaan

yang sedang mengajukan pinjaman bank. Kedua perusahaan tersebut adalah PT ESTES dan PT FLORYN. Berikut data
keuangan kedua perusahaan yang akan dianalisa oleh BANK TOYIB:

PT ESTES
Statement of Financial Position
ASSET
Fixed Asset 310,000
Long-Term Marketable Securities 4,500
Inventories 83,400
Trade Receivable 9,200
Account Receivable 36,200
Cash and cash equivalents 20,100
TOTAL ASSETS 463,400

LIABILITIES & EQUITY

Common Stock ($5/share) 200,000
Retained Earning 121,900
Notes Payable 80,000
Account Payable 61,500
TOTAL LIABILITIES & EQUITY 463,400

PT ESTES
Statement of Other
Comprehensive Income
Net Sales 800,000
Cost of Good Sold 500,000
Interest expense 6,500
EBT 293,500
Tax (30%) 88,050
Net Income 205,450
Income/share 1.94
 Jawaban Pertanyaan 1
man modal kerja kepada salah satu dari dua perushaan
tersebut adalah PT ESTES dan PT FLORYN. Berikut data

PT FLORYN

430,000
5,800
127,600
38,200
58,600
34,800
695,000

220,000
273,700
110,000
91,300
695,000

PT FLORYN

920,000
560,000
11,500 Jawaban Pertanyaan 2
348,500
104,550
243,950
2.56
Jawaban Pertanyaan 1

Ratio PT ESTES PT FLORYN

Current Ratio 1.05 1.29

Account Receivable Turnover 16.88 19.41
Days To Sale Inventory 75.96 67.82
EPS 5.14 5.54
Margin Laba Netto (Net Profit Margin) 26% 27%
ROA 0.36 0.44
ROE

Average Account Receiavable 47,400

Average Inventory 105,500
Average Total Assets 579,200
Average Share Capital 210,000

Debt to Assets Ratio 0.31 0.29

Debt to Equity Ratio 0.44 0.41
Earning Yield 10.27% 7.92%

Jawaban Pertanyaan 2
Interpretasi
Perusahaan yang akan direkomendasikan sebagai investasi yang lebih baik adalah
PT FLORYN. Dikarenakan Net Profit Margin yang lebih besar dibandingkan
PT ESTES. Net Profit Margin mengukur presentasi laba bersih yang
didapat setelah dikurangi pajak terhadap pendapatan yang diperoleh dari penjualan.
Selain itu, current ratio yang dimiliki oleh PT FLORYN lebih tinggi daripada PT ESTES
yang mengartikan bahwa kemampuan PT FLORYN dalam membayar utang dengan
asset nya lebih tinggi daripada PT ESTES.
 PT NOLAN
Comparative Statements of Financial Position
As of December 31, 2022 and 2023
Accounts 2023 2022 Increase/ Decrease
Cash $ 34,500 $ 27,000 $ -7,500
Accounts Receivable 44,500 42,500 - 2,000
Inventory 73,000 67,000 - 6,000
Investments - 23,500 23,500
Land 52,800 - - 52,800
Equipment 105,500 92,500 - 13,000
Accumulated Depreciation-Equipment - 26,500 - 22,500 4,000
Total Assets $ 283,800 $ 230,000
Accounts Payable $ 52,000 $ 50,000 $ 2,000
Salaries Payable 7,800 7,000 800
Dividend Payable 6,000 5,000 1,000
Share Capital-Ordinary 27,500 24,500 3,000
Share Premium-Ordinary 100,000 52,000 48,000
Retained Earnings 90,500 91,500 - 1,000
Total Liabilities and Equities $ 283,800 $ 230,000

PT NOLAN
Statement of Cash Flow (Direct Method)
For the Year Ended December 31, 2023
Cash Flow from Operating Activities
Cash Receipt
Cash Receipt from Customers (a) $ 470,000
Cash Payment
Cash Paid to Suppliers (b) $ -336,000
Cash paid for Operating Exp (c) - 95,700
Cash Paid for Taxes - 14,500 - 446,200
Net Cash Provided by Operating Activities $ 23,800

Cash Flow from Investing Activities

Purchase of Equipment $ -13,000
Purchase of Land - 52,800
Sale of Investments (d) 21,500
Net Cash Used by Investing Activities $ -44,300

Cash Flow from Financing Activities

Issued share capital-ordinary (e) $ 51,000
Payment of Cash Dividends (f) - 23,000
Net Cash Provided by Financing Activities $ 28,000
Net Increase in Cash 7,500
Cash at Beginning 27,000
Cash at Ending $ 34,500

Perhitungan :
(a) Sales revenue $ 472,000
(-) increase in Account Receivable - 2,000
$ 470,000

(b) COGS $ 332,000

(+) increase in Inventory 6,000
(-) increase in Account Payable - 2,000
$ 336,000

(c.) Operating expense $ 100,500

(-) increase in Salaries payable - 800
(-) depreciation expense - 4,000
$ 95,700

(d) Sale of Investment $ 23,500

Loss on Sale of Investment - 2,000
$ 21,500

(e.) Issued ordinary-share $ 3,000

Share premium-ordinary 48,000
$ 51,000

(f) R/E beg. $ 91,500

Net income 23,000
R/E end. - 90,500
Dividend - 1,000
$ 23,000
 PT NOLAN
Increase/ Decrease Income Statement
Increase For the Year Ended December 31st, 2023
Increase Sales Revenue $ 472,000
Increase Cost of Goods Sold - 332,000
Decrease Gross Profit $ 140,000
Increase Operating Expense - 100,500
Increase Operating Invcome $ 39,500
Decrease Other Income and Expenses: Loss on Sale of Investment - 2,000
Income Before Tax $ 37,500
Increase Income Tax - 14,500
Increase Net Income $ 23,000
Increase
Increase
Increase
Decrease