KAE ANN MARIE P. BALINGIT
https://orcid.org/0000-0001-6500-7041
kaeann1014@gmail.com
Abra State Institute of Sciences and Technology Lagangilang, Abra, Philippines
Abstract
The study determines the financial condition of the Rice Production as Income Generating Project of Abra State Institute of Sciences and Technology Main Campus Lagangilang, Abra, SY 2011-2016. The study used of the descriptive research design specifically trend analysis. This design aimed to find out the total sales, production cost, liquidity ratio, solvency ratio and profitability of rice production project.
The result of the study implies that the highest sales of Rice Production are in year 2015 with 762,449.67 sales and the lowest sales are in year 2013 with a total sale of 77,409.50. While in cost of production, 2014 with 516,015.00 is the highest and 2013 with 54,129.00 is the lowest. The highest working capital is 296,837.67 from year 2015 and the lowest is from year 2013 with 23,280.50 working capital. The highest current ratio is from the year 2015 with 1.64 current ratio and the lowest is from the year 2014 and 20116 with 1.8 current ratio. The highest net worth is from year 2015 with 296, 837.67 while the lowest net worth is from year 2013 with 23,280.5. The highest solvency ratio is 0.93 in year 2016 and the lowest solvency is from year 2015 with 0.61. The highest leverage ratio is 12.43458625 from year 2016 and the lowest is from year 2015 with 1.568574501. The highest ROI was 64% from year 2015, and the lowest was from 2014 and 2016 with 8%.
Keywords
Rice Production, Liquidity Ratio, Solvency Ratio
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