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strayer fin100 week 8 and week 9 homework




Question;week 8 homework3. Use your knowledge of balance sheets to;fill in the missing amounts;ASSETS;Cash $ 50,000;Accounts receivable 80,000;Inventory 100,000;Total current assets;Gross plant and equipment;Less: accumulated depreciation 130,000;Net plant and equipment 600,000;Total assets;LIABILITIES Accounts payable $ 12,000;Notes payable 50,000;Total current liabilities;Long- term debt;Total liabilities;Common stock ($ 1 par, 100,000 shares);Paid- in capital 250,000;Retained earnings 200,000;Total stockholders? equity;Total liabilities and equity $ 830,000;4. Use your knowledge of balance sheets and;common- size statements to fill in the missing dollar amounts;ASSETS;Cash $ 25,000 3.4%;Accounts receivable $ 125,000;Inventory 27.1%;Total current assets $ 350,000;Gross plant and equipment 95.0%;Less: accumulated depreciation $ 313,000 42.5%;Net plant and equipment;Total assets $ 737,000 100.0%;LIABILITIES;Accounts payable 15.7%;Notes payable $ 29,000 3.9%;Total current liabilities;Long- term debt $ 248,000 33.6%;Total liabilities $ 393,000;Common stock ($. 01 par, 450,000 shares) $ 4,500 0.6%;Paid- in capital $ 220,500 29.9%;Retained earnings;Total stockholders? equity $ 344,000 46.7%;Total liabilities and equity 100.0%;6. Use the following information to;construct an income statement;Interest $ 25,000;Sales $ 950,000;Income tax rate 25%;Selling and marketing expenses $ 160,000;General and administrative expenses $ 200,000;Gross profit $ 550,000;Depreciation $ 30,000;Cost of goods sold $ 400,000;Chapter 14;3. The Dayco Manufacturing Company had the;following financial statement results for last year. Net sales were $ 1.2;million with net income of $ 90,000. Total assets at year end amounted to $;900,000.;a. Calculate Dayco?s asset turnover ratio;and its profit margin.;b. Show how the two ratios in Part (a) can be used to determine Dayco?s rate;of return on assets.;c. Dayco operates industry average ratios are these: Return on assets: 11;percent, Asset turnover: 2.5 times, Net profit margin: 3.6 percent. Compare;Dayco?s performance against the industry averages.;5. Following are selected financial data in;thousands of dollars for the Hunter Corporation.;a. Calculate Hunter?s rate of return on;total assets in 2012 and in 2011. Did the ratio improve or worsen?;b. Diagram the expanded Du Pont system for;Hunter for 2012. Insert the appropriate dollar amounts wherever possible.;c. Use the Du Pont system to calculate the return on assets for the two years;and determine why they changed.;6. Following are financial statements for;the Genatron Manufacturing Corporation for 2012 and 2011.;a. Apply Du Pont analysis to both the 2012;and 2011 financial statements? data.;b. Explain how financial performance;differed between 2012 and 2011.;Week 9 Homework Chapter 15;P1. Pretty Lady Cosmetics Products has an;average production process time of forty days. Finished goods are kept on hand;for 15 days before they are sold. Accounts receivable are outstanding an average;of thirty five days and the firm receives forty days of credit on its;purchasers from suppliers.;a.;Estimate the average length of;the firm?s short-term operating cycle. How often would the cycle turn over in a;year?;b.;Assume net sales of $1,200,000;and cost of goods sold of $900,000. Determine the average investments in;accounts receivable, inventories, and accounts payable. What would be the net financing need;considering only these three accounts?;P4. Suppose the Robinson company had a cost;of goods sold at $1,000,000 in 2010 and $1,200,000 in 2011.;a.;Calculate the inventory;turnover for each year. Comment on your findings.;b.;What would have been the amount;of inventories in 2011 if the 2010 turnover ratio had been maintained?;P5. Given Robinson?s 2010 and 2011;financial information presented in problems 2 and 4;a.;Compute its operating and cash;conversion cycle in each year.;b.;What was Robinson?s net;investment in working capital year?;Chapter 16;P3. Obtain an current issue of the Federal Reserve;Bulletin or review a copy from the Fed?s Web site ( or the;St. Louis Fed?s web site (;and determine the changes in the prime rate that have occurred since the end of;2000. Comment on any;P4. Commute the effective cost of not;taking the cash discount under the following trade credit terms;P5. What conclusion can you make about;credit terms from reviewing your answers to Problem 4?;="msonormal">


Paper#48805 | Written in 18-Jul-2015

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