Homework Answers
Net revenue requirement = ( Fixed costs + Profit goal) / Gross proft margin
Gross profit margin = (Revenue - Costs of goods sold)/ Total Revenue
= (6,044,485.14 - 5621,287.68) / 6,044,485.14
= 0.07 or 7%
Fixed costs = Revenue - variable costs - profit
= 6,044,485.14 - 562,1287.68 - 240,396.82 = $182,800.67
Net revenue requirement = (182,800.67 + 201,467)/ 0.07
= $ 5,589,538
Days in accounts receivables
Days in accounts receivables = (Accounts receivables / Revenue) × 365 days
= (9,445,345.57/ 60,388,021)× 365 days
= 0.156 × 365 days
= 57 days
Question 4
Days in accounts payables
Days in accounts payables = ( Accounts payables / Costs of agoods Sold) x 365 days
= ( 5,010,729.43 /54,067,023.29) × 365 days
= 0.0926 × 365 days
= 33 days
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Calculate the Net Revenue Requirement based on the following financial information: Minimum...
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $225,981 last...
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $225,981 last 3-year average revenue $6,068,839.49 last 3-year average direct costs $5,377,508.12 last 3-year year average variable overhead $300,161.51 fixed costs: to be determined Last 3-year average profit margin $203,820.91 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement.
Calculate the Days in Accounts Receivables based on the following financial information: Revenue $60,367,467.58 Cash &...
Calculate the Days in Accounts Receivables based on the following financial information: Revenue $60,367,467.58 Cash & Securities $18,479,254.57 Accounts $9,458,757.22 Receivables Accounts Payables $5,029,586.13 Direct Costs $54,308,364.47
30. The following information is extracted from the financial statements of Osila Fashion House; Revenue for...
30. The following information is extracted from the financial statements of Osila Fashion House; Revenue for the period £1,200,000 Cash received from customers 1,303,000 Cash paid to supplies 558,000 Wages paid 200,000 Accounts receivables 512,000 Cost of materials sold in the period 540,000 Accounts payables 111,000 Depreciation expense 31,000 Which of the following represents the net cash provided by operating activities under the direct method of presenting statement of cash flows? a £514,000 b. £618,000 C. £475,000 d. £545,000
Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in...
Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, and using a 365-day year, calculate the average collection period (also called Days of Sales in Receivables or Number of Days of Credit). Round the answers to two decimal places Balance Sheet December 31, 2011 Cash and marketable securities $143,000 Accounts payable $278,000 Accounts receivable $354,000 Notes payable $87,000 Inventories $672,000 Accrued expenses $65,000 Prepaid expenses $12,500 Total current liabilities $430,000 Total...
1) Based on the balance sheet and income statement information given below, calculate the following financial...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
1) Based on the balance sheet and income statement information given below, calculate the following financial...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
Please help with requirement 2 net sales revenue is 530,000 Zorahs, a national manufacturer of lawn-mowing...
Please help with requirement 2 net sales
revenue is 530,000
Zorahs, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year: (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts...
Microsoft Corporation reported the following information in its financial statements for three successive quarters ($ i...
Microsoft Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Three Months Ended 9/30/2017 6/30/2017 3/31/2017 (21) (24) (23) $14,561 $19,792 $12,882 Balance sheets: Accounts receivable, net Income statements: Sales revenue $24,538 $23,317 $22,090 Required: Compute the receivables turnover ratio and the average collection period for Q1 and Q4. Assume that each quarter consists of 91 days. (Enter your answers in millions. Round average accounts receivable answers to nearest whole dollar and "Turnover...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales*...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
PROJECT: Select any bank / firm of your choice. Take out its financial statements. Calculate the...
PROJECT:
Select any bank / firm of your choice. Take out its financial
statements.
Calculate the following ratios according to the information
found in these statements.
(NOTE: Show your workings)
1. Operating Cycle. Inventory Number of days of inventory - Average day's cost of goods sold Inventory cost of goods sold / 305 Number of days of receivables = Accounts receivable Average day's sales on credit Accounts receivable Sales on credit / 365 Number of days of payables - Accounts...
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $225,981 last 3-year average revenue $6,068,839.49 last 3-year average direct costs $5,377,508.12 last 3-year year average variable overhead $300,161.51 fixed costs: to be determined Last 3-year average profit margin $203,820.91 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement.
Calculate the Days in Accounts Receivables based on the following financial information: Revenue $60,367,467.58 Cash & Securities $18,479,254.57 Accounts $9,458,757.22 Receivables Accounts Payables $5,029,586.13 Direct Costs $54,308,364.47
30. The following information is extracted from the financial statements of Osila Fashion House; Revenue for the period £1,200,000 Cash received from customers 1,303,000 Cash paid to supplies 558,000 Wages paid 200,000 Accounts receivables 512,000 Cost of materials sold in the period 540,000 Accounts payables 111,000 Depreciation expense 31,000 Which of the following represents the net cash provided by operating activities under the direct method of presenting statement of cash flows? a £514,000 b. £618,000 C. £475,000 d. £545,000
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
Please help with requirement 2 net sales
revenue is 530,000
Zorahs, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year: (Click the icon to view the information.) Read the requirements. Requirement 1. Calculate each division's ROI. Round all of your answers to four decimal places. Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts...
Microsoft Corporation reported the following information in its financial statements for three successive quarters ($ in millions): Three Months Ended 9/30/2017 6/30/2017 3/31/2017 (21) (24) (23) $14,561 $19,792 $12,882 Balance sheets: Accounts receivable, net Income statements: Sales revenue $24,538 $23,317 $22,090 Required: Compute the receivables turnover ratio and the average collection period for Q1 and Q4. Assume that each quarter consists of 91 days. (Enter your answers in millions. Round average accounts receivable answers to nearest whole dollar and "Turnover...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
PROJECT:
Select any bank / firm of your choice. Take out its financial
statements.
Calculate the following ratios according to the information
found in these statements.
(NOTE: Show your workings)
1. Operating Cycle. Inventory Number of days of inventory - Average day's cost of goods sold Inventory cost of goods sold / 305 Number of days of receivables = Accounts receivable Average day's sales on credit Accounts receivable Sales on credit / 365 Number of days of payables - Accounts...
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