Homework Answers
Solutions:
| Cash Flows (indirect method) | ||
| Cash flow From Operating Activities | ||
| Net Income | 602 | |
| Add: | ||
| Depreciation | 241 | |
| Decrease in Short Term Investments | 43 | |
| Decrease in other current assets | 21 | |
| Increase in accounts payable | 531 | |
| Increase in accrued salaries | 61 | |
| Increase in Notes payable | 184 | |
| Increase in deferred income taxes payable | 30 | 1111 |
| Subtotal | 1713 | |
| Less: | ||
| Increase in Accounts Receivables | 150 | |
| Increase in inventory | 249 | |
| Decrease in Accrued Taxes | 7 | |
| Decrease in other Current liabilities | 61 | 467 |
| Net Cash Provided by operating Activities | 1246 | |
| Cash Flow from investing Activity | ||
| Reduce: | ||
| Increase in Fixed Assets | 993 | |
| Add:Depreciation | 241 | -1234 |
| Increase in Other Assets | -50 | |
| Cash from investing | -1284 | |
| Cash Flow from Financing Activity | ||
| Add: | ||
| Increase in Shareholders Equity | 643 | |
| Increase in Minority interest | 7 | |
| Increase in long Term Debt | 68 | 718 |
| Less: Net Income | 602 | |
| Cash Flow from Financing Activity | 116 | |
| Total (1713-1284+116) | 78 | |
| Add: Opening Balance Cash | 524 | |
| Ending Balance Cash | 602 | |
b.
| Net Profit Margin | |
| Formula | Net Profit / Sales |
| =602/34137 | |
| 1.76% | |
| Total Asset Turnover | |
| Formula | Total Sales / Average Total Asset |
| Total Assets | 10090 |
| Sales | 34137 |
| Total Asset Turnover | 3.38 |
| Fixed Asset Turnover | |
| Formula | Total Sales / Average Fixed Asset |
| Fixed Asset | (4834+5827)/2 |
| 5330.5 | |
| Sales | 34137 |
| Fixed Asset Turnover | 6.40 |
| Inventory Turnover | |
| Formula | Cost of goods sold / Average Inventory |
| Inventory (beg) | 2490 |
| Inventory (end) | 2739 |
| 5229 | |
| Average | 2614.5 |
| Cost of goods sold | 30598 |
| Inventory Turnover | 11.70 |
| Days in Sale Inventory | |
| Formula | 365 / Inventory turnover |
| Days in Sale Inventory | 31.19 |
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2009 $34137 660 34797 CostPlus Company Income Statements 2008 Net Sales...
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