26.docx
Round 20
#1HOMEWORK #1A (Financial statements)
Moby Dick Corporation has sales of $4,963,200: income tax of $485,860: the selling general and administrative expenses of $255,474; depreciation of $310,869; cost of goods sold of$2,610,890: and interest expense of $198,699. Calculate the amount of the firms after tax cash flow from operations
Your answer
#4Homework #1C (Operating Cycle and Cash Conversion Cycle ratios)
a) 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 Days payables outstanding.
Round the answers to two decimal places
Balance Sheet December 31, 2012
|
Cash and marketable securities |
$198,000 |
Accounts payable |
$288,000 |
|
Accounts receivable |
$469,000 |
Notes payable |
$65,000 |
|
Inventories |
$577,000 |
Accrued expenses |
$84,000 |
|
Prepaid expenses |
$15,700 |
Total current liabilities |
$437,000 |
|
Total current assets |
$1,259,700 |
Long-term debt |
$237,000 |
|
Gross fixed assets |
$1,954,000 |
Par value and paid-in-capital |
$199,000 |
|
Less: accumulated depreciation |
$476,000 |
Retained Earnings |
$1,864,700 |
|
Net fixed assets |
$1,478,000 |
Common Equity |
2,063,700 |
|
Total assets |
$2,737,700 |
Total liabilities and owner’s equity |
$2,737,700 |
Income Statement, Year of 2012
|
Net sales (all credit) |
$7,546,600.00 |
|
Less: Cost of goods sold |
$6,112,746.00 |
|
Selling and administrative expenses |
$349,000.00 |
|
Depreciation expense |
$145,000.00 |
|
EBIT |
$939,854.00 |
|
Interest expense |
$49,500.00 |
|
Earnings before taxes |
$890,354.00 |
|
Income taxes |
$356,141.60 |
|
Net income |
$534,212.40 |
Your Answer:
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#5Homework #5E (HPR, Annualized holding period return, Effective annual rate on investment)
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $42.48 six months ago. She sold all stocks today for $46.01. During that period the stock paid dividends of $1.96 per share. What is Mary’s effective annual rate?
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)
Your Answer:
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