Financial Analysis Assignment Details
(Financial Analysis Assignment Details)
Finance
Question description
1.
| Jetson Spacecraft Corp. shows the following information on its 2011 income statement: sales = $244,000; costs = $144,000; other expenses = $7,900; depreciation expense = $18,000; interest expense = $13,200; taxes = $21,315; dividends = $10,000. In addition, you’re told that the firm issued $4,700 in new equity during 2011 and redeemed $3,200 in outstanding long-term debt. |
| a. |
What is the 2011 operating cash flow? |
| Operating cash flow |
$ ??? |
| b. |
What is the 2011 cash flow to creditors? |
| Cash flow to creditors |
$ ??? |
| c. |
What is the 2011 cash flow to stockholders? |
| Cash flow to stockholders |
$ ??? |
| d. |
If net fixed assets increased by $30,000 during the year, what was the addition to NWC? |
2.
| Prepare a 2011 balance sheet for Cornell Corp. based on the following information: cash = $132,000; patents and copyrights = $630,000; accounts payable = $212,500; accounts receivable = $102,500; tangible net fixed assets = $1,630,000; inventory = $295,500; notes payable = $185,000; accumulated retained earnings = $1,268,000; long-term debt = $850,000. (Be sure to list the accounts in order of their liquidity.) |
CORNELL COP.
Balance Sheet |
| Assets |
| (Click to select)Notes payableCashAccounts receivableAccounts payableInventory |
$ ??? |
| (Click to select)Accounts receivableIntangible net fixed assetsTangible net fixed assetsNotes payableAccounts payable |
| (Click to select)CashInventoryAccounts payableCommon stockAccounts receivable |
| Current assets |
$ ??? |
| (Click to select)Accounts payableAccounts receivableIntangible net fixed assetsTangible net fixed assetsInventory |
| (Click to select)Accumulated retained earningsCommon stockTangible net fixed assetsIntangible net fixed assetsNotes receivable |
| Total assets |
$ ??? |
|
| Liabilities |
| (Click to select)Notes payableLong-term debtAccounts receivableAccumulated retained earningsAccounts payable |
$ ??? |
| (Click to select)Notes payableCommon stockLong-term debtNotes receivableAccumulated retained earnings |
| Current liabilities |
$ ??? |
| (Click to select)CashInventoryAccounts payableAccounts receivableLong-term debt |
| Total liabilities |
$ ??? |
| (Click to select)Notes receivableCommon stockAccounts payableAccounts receivableNotes payable |
| (Click to select)Accumulated retained earningsNotes payableCashAccounts payableCommon stock |
| Total liabilities & owners’ equity |
$ ??? |
|
3.
| Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): |
| 2010 |
2011 |
| Sales |
$ |
21,073 |
$ |
18,636 |
| Depreciation |
1,851 |
1,926 |
| Cost of goods sold |
4,929 |
4,897 |
| Other expenses |
1,041 |
919 |
| Interest |
890 |
1,021 |
| Cash |
6,352 |
7,036 |
| Accounts receivable |
8,230 |
9,997 |
| Short-term notes payable |
1,360 |
1,337 |
| Long-term debt |
20,890 |
25,111 |
| Net fixed assets |
51,306 |
58,120 |
| Accounts payable |
4,688 |
5,214 |
| Inventory |
14,606 |
15,478 |
| Dividends |
1,900 |
1,808 |
| For 2011, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.(Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) |
| Cash flow from assets |
$ ??? |
| Cash flow to creditors |
$ ??? |
| Cash flow to stockholders |
$ ??? |
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