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Business Administration - Financial Planning RFC225- Final Exam Guide - Comprehensive Notes for the exam ( 103 pages long!)

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greenmuskrat329
29 Mar 2018
School
Seneca College
Department
Business Administration - Financial Planning
Course
Business Administration - Financial Planning RFC225
Professor
Peter Wan

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Document Summary

9% = 0. 09: wacc = weighted average costs of capital, assumptions for technical analysis, 1. Stock price/market price: dividend already discounted from the stock, 2. Stock price of a company will have a trend for the pricing: up, down, sideways, 3. 2: if you (cid:272)a(cid:374) take profit (cid:271)ut (cid:272)a(cid:374)"t take loss, i(cid:374)vesti(cid:374)g (cid:373)ay (cid:374)ot (cid:271)e for you. 1 csc chapter 18 mutual funds: structure and. Regulation: fu(cid:374)d"s i(cid:374)vest(cid:373)e(cid:374)t o(cid:271)je(cid:272)tives are states i(cid:374) its prospe(cid:272)tus, prospectus represents acceptable level of risk for the fun, advantages of mutual funds include, 1. Variety of types of funds and transferability: 4. variety of purchase and redemption plans, 5. Loan collateral and eligibility for margin: disadvantages of mutual funds include, 1. Unsuitable for short-term investment or emergency reserve: except for money market funds (tailored, 3. Professional management is not infallible (incapable of making mistakes or being wrong: 4. Tax complications may arise if the investor"s tax preferences are not considered with objectives of the fund.

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Related Questions

NIKE:

Need the following ratios to be calculated using the financial sheets copied at the bottom. Each ratio needs to be calculated using the information from 2016. Each ratio also needs to be broken down and illustrated by the step by step process. Finally, please include any and all observations for each ratio and analysis.

1) Common Size analysis

2) Common size vertical analysis & graph

3) Current Ratio

4) Quick Ratio

5) Cash Ratio

6) Inventory Turnover

7) Receivables Turnover

8) Total Asset Turnover

9) Fixed Asset Turnover

10) Gross profit margin

11) Operating Profit margin

12) Net profit margin

13) Return on total assets

14) return on equity

15) basic earning power

16) Deb/net worth ratio

17) debt ratio

18) DuPont System

19) Times-interest-earned

Balance Sheet:

Consolidated Balance Sheets - USD ($) $ in Millions May 31, 2017 May 31, 2016
Current assets:
Cash and equivalents $ 3,808 $ 3,138
Short-term investments 2,371 2,319
Accounts receivable, net 3,677 3,241
Inventories 5,055 4,838
Prepaid expenses and other current assets 1,150 1,489
Total current assets 16,061 15,025
Property, plant and equipment, net 3,989 3,520
Identifiable intangible assets, net 283 281
Goodwill 139 131
Deferred income taxes and other assets 2,787 2,422
TOTAL ASSETS 23,259 21,379
Current liabilities:
Current portion of long-term debt 6 44
Notes payable 325 1
Accounts payable 2,048 2,191
Accrued liabilities 3,011 3,037
Income taxes payable 84 85
Total current liabilities 5,474 5,358
Long-term debt 3,471 1,993
Deferred income taxes and other liabilities 1,907 1,770
Commitments and contingencies
Redeemable preferred stock 0 0
Shareholders’ equity:
Capital in excess of stated value 8,638 7,786
Accumulated other comprehensive (loss) income (213) 318
Retained earnings 3,979 4,151
Total shareholders’ equity 12,407 12,258
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 23,259 21,379
Class A Convertible Common Stock
Shareholders’ equity:
Common stock at stated value 0 0
Class B Common Stock
Shareholders’ equity:
Common stock at stated value $ 3 $ 3

Income Statement:

Consolidated Statements of Income - USD ($) $ in Millions 12 Months Ended
May 31, 2017 May 31, 2016 May 31, 2015
Income Statement [Abstract]
Revenues $ 34,350 $ 32,376 $ 30,601
Cost of sales 19,038 17,405 16,534
Gross profit 15,312 14,971 14,067
Demand creation expense 3,341 3,278 3,213
Operating overhead expense 7,222 7,191 6,679
Total selling and administrative expense 10,563 10,469 9,892
Interest expense (income), net 59 19 28
Other (income) expense, net (196) (140) (58)
Income before income taxes 4,886 4,623 4,205
Income tax expense 646 863 932
NET INCOME $ 4,240 $ 3,760 $ 3,273
Earnings per common share:
Basic (in dollars per share) $ 2.56 $ 2.21 $ 1.90
Diluted (in dollars per share) 2.51 2.16 1.85
Dividends declared per common share (in dollars per share) $ 0.70 $ 0.62 $ 0.54

Cash Flow Sheet

Consolidated Statements of Cash Flows - USD ($) $ in Millions 12 Months Ended
May 31, 2017 May 31, 2016 May 31, 2015
Cash provided by operations:
Net income $ 4,240 $ 3,760 $ 3,273
Income charges (credits) not affecting cash:
Depreciation 706 649 606
Deferred income taxes (273) (80) (113)
Stock-based compensation 215 236 191
Amortization and other 10 13 43
Net foreign currency adjustments (117) 98 424
Changes in certain working capital components and other assets and liabilities:
(Increase) decrease in accounts receivable (426) 60 (216)
(Increase) in inventories (231) (590) (621)
(Increase) in prepaid expenses and other current assets (120) (161) (144)
(Decrease) increase in accounts payable, accrued liabilities and income taxes payable (364) (889) 1,237
Cash provided by operations 3,640 3,096 4,680
Cash used by investing activities:
Purchases of short-term investments (5,928) (5,367) (4,936)
Maturities of short-term investments 3,623 2,924 3,655
Sales of short-term investments 2,423 2,386 2,216
Investments in reverse repurchase agreements 0 150 (150)
Additions to property, plant and equipment (1,105) (1,143) (963)
Disposals of property, plant and equipment 13 10 3
Other investing activities (34) 6 0
Cash used by investing activities (1,008) (1,034) (175)
Cash used by financing activities:
Net proceeds from long-term debt issuance 1,482 981 0
Long-term debt payments, including current portion (44) (106) (7)
Increase (decrease) in notes payable 327 (67) (63)
Payments on capital lease and other financing obligations (17) (7) (19)
Proceeds from exercise of stock options and other stock issuances 489 507 514
Excess tax benefits from share-based payment arrangements 177 281 218
Repurchase of common stock (3,223) (3,238) (2,534)
Dividends — common and preferred (1,133) (1,022) (899)
Cash used by financing activities (1,942) (2,671) (2,790)
Effect of exchange rate changes on cash and equivalents (20) (105) (83)
Net increase (decrease) in cash and equivalents 670 (714) 1,632
Cash and equivalents, beginning of year 3,138 3,852 2,220
CASH AND EQUIVALENTS, END OF YEAR 3,808 3,138 3,852
Cash paid during the year for:
Interest, net of capitalized interest 98 70 53
Income taxes 703 748 1,262
Non-cash additions to property, plant and equipment 266 252 206
Dividends declared and not paid $ 300 $ 271 $ 240