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ASSIGNMENT 2 BUSINESS FINANCE FIN 3200 10 Points KUIPERS ENTERPRISES 2018 Income Statement ($ in millions!...
ASSIGNMENT 2 BUSINESS FINANCE FIN 3200 10 Points KUIPERS ENTERPRISES 2018 Income Statement is in millions!...
ASSIGNMENT 2 BUSINESS FINANCE FIN 3200 10 Points KUIPERS ENTERPRISES 2018 Income Statement is in millions! Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes (34%) Net income Addition to retained earnings Dividends $9,000 4,500 700 $3,800 600 $3,200 1.099 $2,112 $1.513 2018 679 KUIPERS ENTERPRISES Balance Sheets as of December 31, 2017 and 2018 ($ in millions) Assets 2017 2017 2018 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 404 $ 247 Accounts payable...
ASSIGNMENT 2 BUSINESS FINANCE FIN 3200 10 Points KUIPERS ENTERPRISES 2018 Income Statement ($ in millions...
ASSIGNMENT 2 BUSINESS FINANCE FIN 3200 10 Points KUIPERS ENTERPRISES 2018 Income Statement ($ in millions Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes (34%) Net income Addition to retained earnings $1,512 Dividends $9,000 4,500 700 $3,800 $2,112 600 2018 KUIPERS ENTERPRISES Balance Sheets as of December 31, 2017 and 2018 {$ in millions) Assets 2017 2018 Liabilities and Owners' Equity 2017 Current assets Current liabilities Cash $ 404 $ 247 Accounts payable Receivables 1,115 1.616...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income for your firm was $10,000 last year. The depreciation expense was $2,500; accounts receivable increased $1,250; accounts payable increased $800; and inventories increased by $2,000. Identify the sources and uses of cash • What was the total cash flow from operations for the period? Operating activities = Net Income + Depreciation + Source (inflow) - Use foutflow) b) i) Prepare the 2018 common-size Income...
2. Calculating Financial Ratios [LO2] Find the following financial ratios for Smolira Golf Corp. for 2018...
2. Calculating Financial Ratios [LO2] Find the following financial ratios for Smolira Golf Corp. for 2018 (year-end figures reflect average values where appropriate): Assets Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF CORP. 2018 Balance Sheets Liabilities and Owners' Equity 2018 2018 Current liabilities $ 37,837 Accounts payable $ 42,582 27,766 Notes payable 16,200 42.632 Other 24 634 108,235 Total 83,416 145,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Equity Total liabilities and owners'...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 24,116 24,800 15,900 27,800 63,656 68,500 $23,884 27,800 11,500 15,700 $53,155 55,000 $76,000 80,259 Cash Accounts 13,148 26,392 Accounts payable Notes payable Other 17,000 receivable Inventory 12,271 Total Total Long-term debt Owners' equity Common stock and paid-in $40,000 40,00o surplus Accumulated retained 226,196 258,741 earnings Fixed assets Net plant...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2018 Current assets Cash Accounts...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2018 Current assets Cash Accounts receivable Inventory Total EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2017 2018 2017 Current liabilities $ 24,046 $ 24,255 Accounts payable $ 23,184 12,448 15, 235 Notes payable 12,000 25,392 27,155 Other 11,571 $ 61,886 $ 66,645 Total $ 46,755 Long-term debt $ 80,000 Owners' equity $324,695 $365,734 Common stock and paid-in surplus $ 40,000 Retained...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29.000 $ 72,100 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 25,084 Notes payable 19,000 Other 13,471 $ 29,000 12,700 18,300 Total $ 66,476 Total $ 57,555 $ 60,000 $ 87,698 Long-term debt $ 88,000 S 45.000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 219,616 244,302 Fixed assets Net plant and equipment $343,695 $364 900 Total...
Profitability ratios: l. Profit margin % m. Return on assets % n. Return on equity %...
Profitability ratios: l. Profit margin % m. Return on assets % n. Return on equity % SMOLIRA GOLF CORP. 2018 Income Statement Sales $ 336,329 Cost of goods sold 231,000 Depreciation 21,600 Earnings before interest and taxes $ 83,729 Interest paid 14,400 Taxable income $ 69,329 Taxes (21%) 14,559 Net income $ 54,770 Dividends $ 21,000 Retained earnings 33,770 Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Assets Liabilities and...
ASSIGNMENT 2 BUSINESS FINANCE FIN 3200 10 Points KUIPERS ENTERPRISES 2018 Income Statement is in millions! Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes (34%) Net income Addition to retained earnings Dividends $9,000 4,500 700 $3,800 600 $3,200 1.099 $2,112 $1.513 2018 679 KUIPERS ENTERPRISES Balance Sheets as of December 31, 2017 and 2018 ($ in millions) Assets 2017 2017 2018 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 404 $ 247 Accounts payable...
ASSIGNMENT 2 BUSINESS FINANCE FIN 3200 10 Points KUIPERS ENTERPRISES 2018 Income Statement ($ in millions Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes (34%) Net income Addition to retained earnings $1,512 Dividends $9,000 4,500 700 $3,800 $2,112 600 2018 KUIPERS ENTERPRISES Balance Sheets as of December 31, 2017 and 2018 {$ in millions) Assets 2017 2018 Liabilities and Owners' Equity 2017 Current assets Current liabilities Cash $ 404 $ 247 Accounts payable Receivables 1,115 1.616...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income for your firm was $10,000 last year. The depreciation expense was $2,500; accounts receivable increased $1,250; accounts payable increased $800; and inventories increased by $2,000. Identify the sources and uses of cash • What was the total cash flow from operations for the period? Operating activities = Net Income + Depreciation + Source (inflow) - Use foutflow) b) i) Prepare the 2018 common-size Income...
2. Calculating Financial Ratios [LO2] Find the following financial ratios for Smolira Golf Corp. for 2018 (year-end figures reflect average values where appropriate): Assets Current assets Cash Accounts receivable Inventory Total SMOLIRA GOLF CORP. 2018 Balance Sheets Liabilities and Owners' Equity 2018 2018 Current liabilities $ 37,837 Accounts payable $ 42,582 27,766 Notes payable 16,200 42.632 Other 24 634 108,235 Total 83,416 145,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Equity Total liabilities and owners'...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 24,116 24,800 15,900 27,800 63,656 68,500 $23,884 27,800 11,500 15,700 $53,155 55,000 $76,000 80,259 Cash Accounts 13,148 26,392 Accounts payable Notes payable Other 17,000 receivable Inventory 12,271 Total Total Long-term debt Owners' equity Common stock and paid-in $40,000 40,00o surplus Accumulated retained 226,196 258,741 earnings Fixed assets Net plant...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 24,056 24,200 15,300 27,200 $ 62,196 $66,700 $ 23,284 $ 27,200 10,900 15,900 $ 46,955 54,000 90,000 93,294 Accounts Inventory Total Accounts payable Notes payable Other 12,548 12,000 receivable 25,592 11,671 Total Long-term debt Owners' equity Common stock and paid-in $42,000 42,000 surplus Accumulated retained 208,936 242,706 earnings...
Some recent financial statements for Earl Grey Golf Corp. follow. Assets 2018 Current assets Cash Accounts receivable Inventory Total EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2017 2018 2017 Current liabilities $ 24,046 $ 24,255 Accounts payable $ 23,184 12,448 15, 235 Notes payable 12,000 25,392 27,155 Other 11,571 $ 61,886 $ 66,645 Total $ 46,755 Long-term debt $ 80,000 Owners' equity $324,695 $365,734 Common stock and paid-in surplus $ 40,000 Retained...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29.000 $ 72,100 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 25,084 Notes payable 19,000 Other 13,471 $ 29,000 12,700 18,300 Total $ 66,476 Total $ 57,555 $ 60,000 $ 87,698 Long-term debt $ 88,000 S 45.000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 219,616 244,302 Fixed assets Net plant and equipment $343,695 $364 900 Total...
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