Engineering Economics
Shell Philippines, a multinational company, has a total gross income for a particular year of P 50,000,000. The taxable income after taking all deductions except for depletion is P 18,500,000. What is the allowable depletion allowance for that particular year? Take percentage of gross income for oil as 22%.

P 9,308.45
P 9,228.45
P 9,358.41
P 9,250.00

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Engineering Economics
Each financial ratio is generally compared by

A past ratio calculated from the past financial standard of the firm
A ratio of some selected firms most progressive and successful at the point of consideration
All of these
A ratio developed by using the projected financial statement of the firm

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