Question 1 : Last year Apple reported total sales of $274 billion. It reported total assets of $151 billion. It expects sales to increase by 3% next year. Calculate the expected amount of total assets (in $ billion) for the end of next year. Assume that the percentage of total assets to sales is expected to remain constant.
Question 2 : This year CVS reported net income of $1,084 million and paid out dividends of $251 million. If net income is projected to increase by 3% next year, what is the projected amount of earnings available to be reinvested (in $ million) next year? That is, what is the expected increase in retained earnings? Assume the dividend payout ratio is expected to remain constant.
Question 3 : McKinnon Inc. reports current sales of $2,099 million and cost of goods sold of $937 million. For next year, you project sales will grow by 5%. What would be the projected cost of goods sold (in $ million) for next year? Assume that cost of goods sold as a percentage of sales is expected to remain constant.
Question 4 : Last year Lockheed Martin Corporation reported gross property, plant, and equipment of $12,087 million. It also reported total sales of $40,271 million and total capital expenditures of $880 million. If new capital expenditures are assumed to be directly linked to the level of sales, and sales are expected to grow by 7% this year, how much will the company have in total gross property, plant, and equipment (in $ million) at the end of the year? Assume that no assets are expected to be sold during the year.
Question 5 : To support its growth in sales, AO Smith Corporation expects that total assets, currently at $2,526 million, will need to increase by $5%. Available resources (i.e., total liabilities and equity) are expected to be $2,531 million. How much new external financing (in $ million) will the company need to obtain to fund its required growth in total assets?
Question 6 : In its financial statements McKinnon Inc. is reporting sales of $2,010 million and cost of goods sold of $951 million. For next year, you project sales will grow by 4% and that the cost of goods sold as a percent of sales will be 2 percentage points higher than it was this year. What would be the projected cost of goods sold (in $ million) for next year?
Question 7 : This year CVS reported sales of $128,348 million and accounts receivable of $10,942million. If sales are projected to increase by 5% next year and accounts receivable is expected to remain at the same percentage of sales, what is the projected accounts receivable balance (in $ million) for next year?
Question 8 : This year CVS reported net income of $975 million and paid out dividends of $347million. If net income is projected to increase by 5% next year, what is the projected amount of dividends (in $ million) to be paid out next year? Assume the dividend payout ratio is expected to remain constant.
Question 9 : Last year A.O. Smith Corporation reported sales of $2,037 million and this year it reported sales of $2,397 million. Assuming the growth rate in sales is expected to remain the same, what would be the forecasted sales (in $ million) for next year?
Question 10 : Last year Apple reported total revenues of $17,354 billion. It reported a net profit margin of 17% and it expects revenues to increase by 3% next year. Calculate the expected net profits (in $ billion) for next year. The net profit margin is expected to remain constant.