Homework Answers
| 1) Cash Flow Statement: | |
| Amount $ | |
| From Operating activities: | |
| Net Profit after taxes | 48000 |
| Add: Dep. Exp. | 11000 |
| Add:decrease in Mark. Sec. | 16000 |
| Less:increase in Acct Rec. | -48000 |
| Less:increase in inventories | -46000 |
| Add:increase in AP | 10000 |
| Add:increase in NP | 10000 |
| Add:increase in Accruals | 2000 |
| Net cash inflow of operating activities | 3000 |
| From Investing activities: | |
| less: Purchase of FA | -15000 |
| Net cash outflow of investing activities | -15000 |
| From Financing activities: | |
| Less:LTD paid | -2000 |
| Less:Dividend paid | -5000 |
| Net cash outflow of financing activities | -7000 |
| net cash outflow of all activities | -19000 |
| Add:Opening cash | 31000 |
| Closing Cash | 12000 |
| 2) Ratios: | |||||
| Formula | Calculation 2017 | result 2017 | Calculation 2016 | result 2016 | |
| Current ratio | CA/CL | 421000/363000 | 1.16 | 362000/341000 | 1.06 |
| ROA | NI/TA | 48000/553000 | 0.09 | 43000/490000 | 0.09 |
| ROE | NI/NS * NS/TA * TA/TE | (48000/1550000)*(1550000/553000)*(553000/152000) | 0.32 | 43000/109000 | 0.39 |
| Inventory turnover | COGS/Avg Inventory | (1030000*2)/(191000+145000) | 6.13 | NA | |
| EPS | NI/Outstanding shares | 48000/100000 | 0.48 | 43000/100000 | 0.43 |
| 3) Analysis: | |||||
| a) on cash end, company is getting its cash struck into accounts receivable and inventory and thus liquidity has reduced. | |||||
| b) the current ratio also shows that the liquidity has reduced. | |||||
| c) the company is constant on return on assets. | |||||
| d) the turnover on inventory behalf is one of the industry ie. 6 times and above. | |||||
| e) the return on equity has gone down from 39% to 32% | |||||
| f) on earning per share basis, the company has improved its position. | |||||
| Thus, overall the company has been performing better than the past years. | |||||
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Problem 1: Below are financial statements of FIN300.01 Inc: Balance Sheet: 12/31/17 Assets Cash and Marketable...
Problem 1: Below are financial statements of FIN300.01 Inc: Balance Sheet: 12/31/17 Assets Cash and Marketable Securitics Accounts Reccivable Inventorics Total Current Asscts Net plant and equipment TOTAL ASSETS 2017 10 375 61.5 1,000 2016 80 31. 41.5 810 Liabilities and Equity Accounts Payable Notes Payable Accruals Total Current Liabilities Long Term Bonds TOTAL DEBT Preferred Stock Common Stock Retained carnings TOTAL COMMON EQUITY TOTAL LIABILITIES AND EQUITY 2017 140 110 310 2016 40 G0 130 230 1,064 40 130...
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The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Majestic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Majestic Travel Services, Inc., for 2017 Increase in wages payable Increase in interest payable 15,000 1,000 2,000 (10,400) Increase in income taxes payable...
Apple-Space year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
15. Apple-Space year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400...
15. Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500...
Peace Corporation Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash...
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calculate ROI for 2017 resented here are the comparative balance sheets of Hames, Inc., at December...
calculate ROI for 2017
resented here are the comparative balance sheets of Hames, Inc., at December 31, 2017 and 2016. Sales fo HAMES, INC., Balance Sheets December 31, 2017 and 2016 2017 2016 $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65,000) $ 311,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued...
Apple-Space year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Apple-Space year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,400 $...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
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The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Majestic Travel Services, Inc. (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Majestic Travel Services, Inc., for 2017 Increase in wages payable Increase in interest payable 15,000 1,000 2,000 (10,400) Increase in income taxes payable...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
15. Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500...
Peace Corporation Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash and Cash Equivalents Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets s 2.284 2,044 1,340 1,125 1,697 7,365 1,920 1,870 2,078 6,993 18,313 15,126 $ 25,678 $ 22,119 Other Assets Total Assets Liabilities Current Liabilities Long-term Liabilities Total Liabilities 7,113 8,342 2,186 11,773 10,528 4,660 Stockholders' Equity Common Stock, no par Retained Eamings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 5,691 5,900...
calculate ROI for 2017
resented here are the comparative balance sheets of Hames, Inc., at December 31, 2017 and 2016. Sales fo HAMES, INC., Balance Sheets December 31, 2017 and 2016 2017 2016 $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65,000) $ 311,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
Apple-Space year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
31,400
$
34,100
$
37,300
Accounts receivable, net
89,100
63,200
60,000
Merchandise inventory
26,906
84,700
56,200
Prepaid expenses
11,020
10,084
3,557
Plant assets, net
421,574
297,916
172,943
Total assets
$
580,000
$
490,000
$
330,000
Liabilities and Equity
Accounts payable
$
144,420
$
81,982
$
44,431
Long-term notes payable secured by
mortgages on plant assets
110,130
116,081
75,118
Common stock, $10 par value
162,500
162,500
162,500...
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