Financial performance of cjfm copy center in Morong, Rizal calendar year 2010-2014 Ruffa Mae T. Pineda, Loraine May B. Olifermo, Ira Milcah V. Vilar, Vanessa L. Yu

Thesis BSBA-Fm University of Rizal System, Binangonan 2017

includes bibliographical references

This study primary aimed to determine the Financial Performance of CJFM Copy Center in Morong, Rizal. This was conducted during the Calendar Year 2010-2014. The descriptive method utilizing financial statements as a tool in gathering data was used by the researchers because of its appropriateness in this study. With the use of this method of research, the researchers will know the financial performance of the CJFM Copy Center. To measure the efficiency and competence of the business, they used five (5) consecutive Years (2010-2014) of financial statements as instrument in conducting this study. The researchers analysed and interpreted the data. Based from the findings of the study, on horizontal and vertical analysis, their current assets are much greater than owner's equity and total liabilities which indicates that CJFM Copy Center stabilized its long-term financial position well to pay their liabilities. The business has performed very well in controlling their liabilities and expenses. They maintained a low percentage when it comes to expenses and payables which results to a higher gain for the business especially to the owner. In terms of asset utilization, the accounts receivable increase and decrease every Year. It stresses that the productiveness in collecting receivables is not being maintained by the business because there's a fast and slow transition in receivable turnover. In terms of total asset turnover, the business enterprise is efficiently employing its total assets to obtain sales revenue and lastly, CJFM Copy Center was able to dispose their inventories for a short period of time and convert it into sales. The performance of the firm in terms of profit margin was inconsistent which only indicates that the business cannot effectively convert sales into net income as well as management of its expenses relative to its net sales. The return on asset decreased in four (4) consecutive Years which signifies that the business cannot maintain the increasing ability of returning assets for Years. Furthermore, the return on equity of the business has low rates which means that CJFM Copy Center has invested their capital into a less profitable one that makes them generates revenue slowly. In terms of liquidity, the business has a capability to pay its short-term debts with current assets and by considering more liquid assets. This indicates that the business could easily reimburse current debt payments and has sufficient assets to pay their current obligations. In terms of debt utilization, The debt to equity of the business went up and down which indicates that there are large and small amount of borrowings acquired by the business due to some immediate need for cash to be used in the improvement of the operation. Based from the conclusions drawn, the following are hereby recommended: CJFM Copy Center cost of sales and other operating expenses should be lessen to avoid big amount of operating loss and gain higher income. They should provide high quality photocopying machines for long term operations to reduce technical problems and wasteful time due to often repairs of the machines and high costs for the labour of the technicians as well as put up additional machines to increase its income since this kind of business is highly needed now a days. Moreover, they should strengthen their collection system in collecting receivables to minimize the uncollectible accounts or bad debts and even the business profitability performance should be improved, to be able to provide sufficient funds available for covering their expenses. The owner should also watch over the stability and performance of the business. And lastly, the researchers recommend conducting a similar study regarding this topic with the use of financial analysis status.