Q1. The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed long-term debt of $2.9 million. The 2015 income statement showed an interest expense of $140,000. During 2015, the company had a cash flow to creditors of -$60,000 and the cash flow to stockholders for the year was $70,000. Suppose you also know that the firm's net capital spending for 2015 was $1,320,000, and that the firm reduced its net working capital investment by $59,000.
What was the firm's 2015 operating cash flow, or OCF?
Q2. Klingon Widgets, Inc., purchased new cloaking machinery five years ago for $15 million. The machinery can be sold to the Romulans today for $14.3 million. Klingon's current balance sheet shows net fixed assets of $12 million, current liabilities of $840,000, and net working capital of $223,000. If all the current assets were liquidated today, the company would receive $1.05 million cash.
What is the book value of Klingon's total assets today?
What is the sum of net working capital and the market value of fixed assets?
Q3. You are given the following information for Gandolfino Pizza Co.: sales = $46,000; costs = $22,300; addition to retained earnings = $5,800; dividends paid = $2,000; interest expense = $4,700; tax rate = 35 percent. Calculate the depreciation expense.
Q4. Red Hawk, Inc., is obligated to pay its creditors $6,700 during the year. (Leave no cells blank - be certain to enter "0" wherever required.)
a. What is the market value of the shareholders' equity if assets have a market value of $8,500?
b. What is the market value of the shareholders' equity if assets equal $6,100?
Q5. Quarles Industries had the following operating results for 2015: sales = $29,580; cost of goods sold = $19,610; depreciation expense = $5,140; interest expense = $2,490; dividends paid = $1,300. At the beginning of the year, net fixed assets were $17,030, current assets were $5,830, and current liabilities were $3,400. At the end of the year, net fixed assets were $20,510, current assets were $7,604, and current liabilities were $3,950. The tax rate for 2015 was 30 percent.
a. What is net income for 2015?
b. What is the operating cash flow for 2015?
c. What is the cash flow from assets for 2015?
d-1. If no new debt was issued during the year, what is the cash flow to creditors?
d-2. If no new debt was issued during the year, what is the cash flow to stockholders?
Q6. Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.
For each account on this company's balance sheet, show the change in the account during 2015 and note whether this change was a source or use of cash. (If there is no action select "None" from the dropdown options. Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign.)
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.
Based on the balance sheets given for Just Dew It:
a. Calculate the current ratio for each year.
b. Calculate the quick ratio for each year.
c. Calculate the cash ratio for each year.
d. Calculate the NWC to total assets ratio for each year.
e. Calculate the debt-equity ratio and equity multiplier for each year.
f. Calculate the total debt ratio and long-term debt ratio for each year.
Q7. Y3K, Inc., has sales of $6,329, total assets of $2,945, and a debt-equity ratio of 1.40. If its return on equity is 14 percent, what is its net income? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16
Some recent financial statements for Smolira Golf Corp. follow.
Smolira Golf Corp. has 40,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2015 was $30.
What is the price-earnings ratio?
What are the dividends per share?
What is the market-to-book ratio at the end of 2015?
If the company's growth rate is 8 percent, what is the PEG ratio?
Attachment:- Assignment.rar