SPEA-H 352 Chapter Notes - Chapter part of 3/4: Operating Margin, Profit Margin, Income Statement

21 views2 pages

coppermoose687

5 Nov 2019

School

Department

Public And Environmental Affairs

Course

SPEA-H 352

Professor

Terri Renner

For unlimited access to Textbook Notes, a Class+ subscription is required.

Related Questions

The financial statements of Homefront, Inc. are presented in the tables below.

Based on the information in the tables, and using a 365-day calendar, calculate the firm's cash conversion cycle.

Round the answer to two decimal places.

Balance Sheet, December 31, 2015

Assets		Liabilities and Equity
Cash and marketable securities	$109,287	Accounts payable	$224377
Accounts receivable	$391,635	Notes payable	$98985
Inventories	$599,352	Accrued expenses	$76422
Prepaid expenses	$10121	Total current liabilities	$399784
Total current assets	$1110395	Long-term debt	$240870
Gross fixed assets	$1906628	Par value and paid-in-capital	$257990
Less: accumulated depreciation	$463943	Retained earnings	$1654436
Net fixed assets	$1442685	Common equity	$1912426
Total assets	$2553080	Total liabilities and owner's equity	$2553080

Income Statement, 2015

Net sales (all credit)	$3404431
Less: cost of goods sold	$2723545
Selling and administrative expense	$344711
Depreciation expense	$107754
EBIT (operating profit)	$228421
Interest expense	$24358
Earnings before taxes	$204063
Income taxes	$69381
Net income	$134682

Cash conversion cycle:

greyswan940

Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc. What is Toys by Tom, Inc. return on assets (ROA)?
6.9%
0.86
18%
1.2

Income Statement â Year ending Dec 31 2006
Sales $12.00
Less Cogs 8.40
Less Depreciation 0.80
Gross Profit 2.80
Less â SG & A 1.20
Operating Profit 1.60
Less â Interest Expense 0.25
Profit before tax 1.35
Less â Income Tax 0.54
Net Income 0.81
Items in $1000

Balance Sheet
Assets Liablities and owners equity
Current assets Current Liabilities
Cash $0.50 Current Portion, LTD 0.75
Accts receivables 1.00 Accts Payables 2.50
Inventories 2.50 Other Acrued expenses 1.75
Total Current assets 4.00 Revolving credit,bank 2.00
Next fixed assets 10.00 Total Current Liablities 7.00
Total assets 14.00 Long term mortgage debt 2.50
Net worth 4.50
Total Liab and net worth 14.00


The Clark W Grizwald Holiday Company reported thefollowing financial information for its most recent fiscalyear:


Income Statement, for Fiscal Year 2013		Complete the following table:
(in millions)
Revenues	$2,500	Return on assets
Cost of goods sold	$1,000	Return on equity
Selling, general, and administrative expenses	$255	Gross profit margin
Earnings before interest and taxes	$1,245	Net profit margin
Interest expense	$75	Equity multiplier
Earnings before taxes	$1,170	Dividend yield
Taxes	$75	Debt-equity ratio
Net income	$1,095	Days sales outstanding
		Inventory turnover
Balance Sheet, as of December 31, 2013		Receivables turnover
(in millions)
Cash and cash equivalents	$65
Accounts receivable	$55
Inventory	$195
Net plant, property, and equipment	$1,250
Intangible assets	$100
Total assets	$1,665

Current liabilities	$165
Long-term debt	$500
Shareholders' equity	$1,350
Total liabilities and shareholders' equity	$2,015

Additonal information available for the company isalso available:
(in millions)
Market value of equity	$700
Market value of debt	$400
Dividends	$30
Number of shares outstanding	10

lavenderdinosaur371

SPEA-H 352 Chapter Notes - Chapter part of 3/4: Operating Margin, Profit Margin, Income Statement

Get access

Related Documents

SPEA-H 352 Chapter Notes - Chapter 3: Financial Statement, Financial Accounting, Historical Cost

SPEA-H 352 Chapter Notes - Chapter 4: Current Liability, Current Asset, Financial Statement

SPEA-H 352 Chapter Notes - Chapter 16: Post-Office Box, Current Liability, Accounts Receivable

Related Questions